Forex Trend Analysis Report
Prepared for you on Tuesday, January 18, 2022.
Danish Krone/Chinese Yuan Renminbi (FOREX:DKKCNY)
Sidelines Mode (+55) - DKKCNY is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid DKKCNY?
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.
MarketClub’s Trade Triangles for DKKCNY
The long-term trend has been DOWN since Oct 15th, 2020 at 1.0586759
The intermediate-term trend has been UP since Dec 29th, 2021 at 0.9718949
The short-term trend has been DOWN since Jan 18th, 2022 at 0.9720364
Smart Scan Analysis for DKKCNY
Based on our trend formula, DKKCNY is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).