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.
MarketClub’s Trade Triangles for AUDDKK
The long term trend has been DOWN since Aug 29th, 2018 at 4.6431
The intermediate term trend has been DOWN since Oct 5th, 2018 at 4.5620
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).