Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Argentine Peso/Danish Krone (FOREX:ARSDKK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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.
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 May 3rd, 2018 at 0.29460
The short term trend has been UP since Jul 10th, 2018 at 0.22755
Smart Scan Analysis for ARSDKK
Based on a pre-defined weighted trend formula for chart analysis, ARSDKK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).