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Forex Trend Analysis Report

Prepared for you on Tuesday, January 15, 2019.

US Dollar/Danish Krone (FOREX:USDDKK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

Open High Low USDDKK Price Change
6.50028 6.55633 6.50010 6.54470 +0.04442
Entry Signal

MarketClub’s Trade Triangles for USDDKK

long term up The long term trend has been UP since May 1st, 2018 at 6.17565

intermediate term down The intermediate term trend has been DOWN since Dec 20th, 2018 at 6.52418

short term up The short term trend has been UP since Jan 15th, 2019 at 6.51745

Smart Scan Analysis for USDDKK

Based on a pre-defined weighted trend formula for chart analysis, USDDKK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for USDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.50028 6.55633 6.50010 6.54470 +0.04442
Prev. Close Volume Bid Ask Time
6.50028 6.54420 6.54520 2019-01-15 21:25:33
Want to analyze US Dollar/Danish Krone USDDKK or another symbol? Try our Free Forex Trend Analysis Report.