Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2017.
Bermuda Dollar/Danish Krone (FOREX:BMDDKK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.
MarketClub’s Trade Triangles for BMDDKK
The long term trend has been UP since Nov 7th, 2017 at 6.4267
The intermediate term trend has been DOWN since Nov 15th, 2017 at 6.2992
The short term trend has been UP since Dec 5th, 2017 at 6.2988
Smart Scan Analysis for BMDDKK
Based on a pre-defined weighted trend formula for chart analysis, BMDDKK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).