Forex Trend Analysis Report
Prepared for you on Tuesday, November 21, 2017.
Swiss Franc/Danish Krone (FOREX:CHFDKK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.
MarketClub’s Trade Triangles for CHFDKK
The long term trend has been DOWN since Apr 25th, 2017 at 6.858255
The intermediate term trend has been DOWN since Jun 28th, 2017 at 6.815700
The short term trend has been UP since Nov 19th, 2017 at 6.393400
Smart Scan Analysis for CHFDKK
Based on a pre-defined weighted trend formula for chart analysis, CHFDKK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).