Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Tuesday, September 18, 2018.

Bermuda Dollar/Danish Krone (FOREX:BMDDKK)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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
6.3820 6.3934 6.3663 6.3916 +0.0096
Entry Signal

MarketClub’s Trade Triangles for BMDDKK

long term up The long term trend has been UP since May 1st, 2018 at 6.1760

intermediate term down The intermediate term trend has been DOWN since Aug 27th, 2018 at 6.4122

short term down The short term trend has been DOWN since Sep 6th, 2018 at 6.4111

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
6.3820 6.3934 6.3663 6.3916 +0.0096
Prev. Close Volume Bid Ask Time
6.3820 6.3908 6.3924 2018-09-18 14:01:36
Want to analyze Bermuda Dollar/Danish Krone BMDDKK or another symbol? Try our Free Forex Trend Analysis Report.