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Forex Trend Analysis Report

Prepared for you on Thursday, October 19, 2017.

Bermuda Dollar/Danish Krone (FOREX:BMDDKK)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.

Open High Low BMDDKK Price Change
6.3389 6.3419 6.3111 6.3155 -0.0234
Entry Signal

MarketClub’s Trade Triangles for BMDDKK

long term down The long term trend has been DOWN since Jan 31st, 2017 at 6.8841

intermediate term up The intermediate term trend has been UP since Sep 25th, 2017 at 6.2794

short term up The short term trend has been UP since Oct 16th, 2017 at 6.3060

Smart Scan Analysis for BMDDKK

Based on a pre-defined weighted trend formula for chart analysis, BMDDKK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for BMDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.3389 6.3419 6.3111 6.3155 -0.0234
Prev. Close Volume Bid Ask Time
6.3389 6.3150 6.3160 2017-10-18 13:57:43
Want to analyze Bermuda Dollar/Danish Krone BMDDKK or another symbol? Try our Free Forex Trend Analysis Report.