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Forex Trend Analysis Report

Prepared for you on Thursday, January 17, 2019.

Bermuda Dollar/Danish Krone (FOREX:BMDDKK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.

Open High Low BMDDKK Price Change
6.55445 6.56285 6.54485 6.55455 +0.00010
Entry Signal

MarketClub’s Trade Triangles for BMDDKK

long term up The long term trend has been UP since May 1st, 2018 at 6.17600

intermediate term down The intermediate term trend has been DOWN since Dec 19th, 2018 at 6.53155

short term up The short term trend has been UP since Jan 15th, 2019 at 6.51825

Smart Scan Analysis for BMDDKK

Based on a pre-defined weighted trend formula for chart analysis, BMDDKK scored +75 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
6.55445 6.56285 6.54485 6.55455 +0.00010
Prev. Close Volume Bid Ask Time
6.55445 6.55370 6.55540 2019-01-17 10:34:50
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