Forex Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
Bermuda Dollar/Danish Krone (FOREX:BMDDKK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DOWN since Jan 31st, 2017 at 6.8841
The intermediate term trend has been UP since Sep 25th, 2017 at 6.2794
The short term trend has been UP since Oct 16th, 2017 at 6.3060
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).