Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Chinese Renminbi Yuan/Danish Krone (FOREX:CNYDKK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 CNYDKK
The long term trend has been DOWN since Jun 22nd, 2018 at 0.945275
The intermediate term trend has been UP since Oct 3rd, 2018 at 0.943230
The short term trend has been DOWN since Nov 15th, 2018 at 0.947040
Smart Scan Analysis for CNYDKK
Based on a pre-defined weighted trend formula for chart analysis, CNYDKK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).