Forex Trend Analysis Report
Prepared for you on Wednesday, February 21, 2018.
Swiss Franc/Danish Krone (FOREX:CHFDKK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 UP since Feb 5th, 2018 at 6.4477
The intermediate term trend has been UP since Jan 25th, 2018 at 6.3773
The short term trend has been DOWN since Feb 20th, 2018 at 6.4418
Smart Scan Analysis for CHFDKK
Based on a pre-defined weighted trend formula for chart analysis, CHFDKK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).