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Forex Trend Analysis Report

Prepared for you on Saturday, February 24, 2018.

Bermuda Dollar/Danish Krone (FOREX:BMDDKK)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
6.0573 6.0617 6.0446 6.0569 -0.0004
Entry Signal

MarketClub’s Trade Triangles for BMDDKK

long term down The long term trend has been DOWN since Jan 2nd, 2018 at 6.1952

intermediate term down The intermediate term trend has been DOWN since Nov 15th, 2017 at 6.2992

short term up The short term trend has been UP since Feb 20th, 2018 at 6.0201

Smart Scan Analysis for BMDDKK

Based on a pre-defined weighted trend formula for chart analysis, BMDDKK scored -55 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
6.0573 6.0617 6.0446 6.0569 -0.0004
Prev. Close Volume Bid Ask Time
6.0573 6.0564 6.0574 2018-02-23 13:28:49
Want to analyze Bermuda Dollar/Danish Krone BMDDKK or another symbol? Try our Free Forex Trend Analysis Report.