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Forex Trend Analysis Report

Prepared for you on Saturday, November 18, 2017.

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
4.9520 4.9531 4.9199 4.9396 -0.0124
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 Oct 11th, 2017 at 5.0300

short term down The short term trend has been DOWN since Nov 13th, 2017 at 5.0245

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
4.9520 4.9531 4.9199 4.9396 -0.0124
Prev. Close Volume Bid Ask Time
4.9413 4.9390 4.9402 2017-11-17 18:37:55
Want to analyze Canadian Dollar/Danish Krone CADDKK or another symbol? Try our Free Forex Trend Analysis Report.