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Forex Trend Analysis Report

Prepared for you on Sunday, January 21, 2018.

Canadian Dollar/Danish Krone (FOREX:CADDKK)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_CADDKK
Open High Low CADDKK Price Change
4.891255 4.894900 4.867700 4.875500 -0.015755
Entry Signal

MarketClub’s Trade Triangles for CADDKK

long term down The long term trend has been DOWN since Oct 25th, 2017 at 4.9356

intermediate term down The intermediate term trend has been DOWN since Jan 15th, 2018 at 4.8934

short term down The short term trend has been DOWN since Jan 10th, 2018 at 4.9829

Smart Scan Analysis for CADDKK

Based on a pre-defined weighted trend formula for chart analysis, CADDKK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for CADDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.891255 4.894900 4.867700 4.875500 -0.015755
Prev. Close Volume Bid Ask Time
4.891255 4.871900 4.879100 2018-01-19 18:38:16
Want to analyze Canadian Dollar/Danish Krone CADDKK or another symbol? Try our Free Forex Trend Analysis Report.