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Forex Trend Analysis Report
Prepared for you on Saturday, December 7, 2024.
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.
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MarketClub’s Trade Triangles for DKKCNY
The long-term trend has been DOWN since Oct 1st, 2024 at 1.0414570
The intermediate-term trend has been DOWN since Nov 12th, 2024 at 1.0275375
The short-term trend has been UP since Dec 3rd, 2024 at 1.0279935
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.0302837 | 1.0302837 | 1.0302691 | 1.0302837 | 0.0000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.0302837 | 2024-12-07 06:28:13 |