Forex Trend Analysis Report
Prepared for you on Monday, September 24, 2018.
Argentine Peso/Danish Krone (FOREX:ARSDKK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 0.4329
The intermediate term trend has been DOWN since Aug 9th, 2018 at 0.2296
The short term trend has been UP since Sep 19th, 2018 at 0.1617
Smart Scan Analysis for ARSDKK
Based on a pre-defined weighted trend formula for chart analysis, ARSDKK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).