Forex Trend Analysis Report
Prepared for you on Sunday, May 28, 2017.
Swiss Franc/Danish Krone (FOREX:CHFDKK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 CHFDKK
The long term trend has been DOWN since Apr 25th, 2017 at 6.858255
The intermediate term trend has been DOWN since Apr 23rd, 2017 at 6.932400
The short term trend has been UP since May 26th, 2017 at 6.832800
Smart Scan Analysis for CHFDKK
Based on a pre-defined weighted trend formula for chart analysis, CHFDKK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).