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.
MarketClub’s Trade Triangles for BMDDKK
The long term trend has been UP since May 1st, 2018 at 6.1760
The intermediate term trend has been DOWN since Aug 27th, 2018 at 6.4122
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).