Forex Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
Argentine Peso/Danish Krone (FOREX:ARSDKK)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.
MarketClub’s Trade Triangles for ARSDKK
The long term trend has been DOWN since May 16th, 2017 at 0.43290
The intermediate term trend has been DOWN since Nov 23rd, 2018 at 0.17705
The short term trend has been DOWN since Dec 6th, 2018 at 0.17285
Smart Scan Analysis for ARSDKK
Based on a pre-defined weighted trend formula for chart analysis, ARSDKK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).