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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Danish Krone/Chinese Yuan Renminbi (FOREX:DKKCNY)

Strong Downtrend (-100) - DKKCNY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid ?

MarketClub looks at technical strength and momentum to determine if the timing is right for DKKCNY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_DKKCNY
Open High Low DKKCNY Price Change
1.0131560 1.0138733 1.0118397 1.0118465 -0.0013090
Entry Signal

MarketClub’s Trade Triangles for DKKCNY

long term down The long-term trend has been DOWN since Dec 25th, 2019 at 1.0307790

intermediate term down The intermediate-term trend has been DOWN since Feb 11th, 2020 at 1.0179378

short term down The short-term trend has been DOWN since Feb 5th, 2020 at 1.0295528

Smart Scan Analysis for DKKCNY

Based on our trend formula, DKKCNY is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for DKKCNY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.0131560 1.0138733 1.0118397 1.0118465 -0.0013090
Prev. Close Volume Bid Ask Time
1.0131560 1.0105079 1.0131850 2020-02-17 20:33:44
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