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Forex Trend Analysis Report

Prepared for you on Thursday, October 18, 2018.

Australian Dollar/Danish Krone (FOREX:AUDDKK)

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.

FOREX_AUDDKK
Open High Low AUDDKK Price Change
4.6232 4.6313 4.6186 4.6269 +0.0037
Entry Signal

MarketClub’s Trade Triangles for AUDDKK

long term down The long term trend has been DOWN since Aug 29th, 2018 at 4.6431

intermediate term down The intermediate term trend has been DOWN since Oct 5th, 2018 at 4.5620

short term up The short term trend has been UP since Oct 17th, 2018 at 4.6079

Smart Scan Analysis for AUDDKK

Based on a pre-defined weighted trend formula for chart analysis, AUDDKK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-65
Smart Scan Analysis for AUDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.6232 4.6313 4.6186 4.6269 +0.0037
Prev. Close Volume Bid Ask Time
4.6232 4.6264 4.6274 2018-10-18 12:03:53
Want to analyze Australian Dollar/Danish Krone AUDDKK or another symbol? Try our Free Forex Trend Analysis Report.