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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.

FOREX_CNYDKK
Open High Low CNYDKK Price Change
0.948585 0.948625 0.944815 0.945965 -0.002620
Entry Signal

MarketClub’s Trade Triangles for CNYDKK

long term down The long term trend has been DOWN since Jun 22nd, 2018 at 0.945275

intermediate term up The intermediate term trend has been UP since Oct 3rd, 2018 at 0.943230

short term down 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).

-55
Smart Scan Analysis for CNYDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.948585 0.948625 0.944815 0.945965 -0.002620
Prev. Close Volume Bid Ask Time
0.948585 0.945670 0.946260 2018-11-16 05:13:37
Want to analyze Chinese Renminbi Yuan/Danish Krone CNYDKK or another symbol? Try our Free Forex Trend Analysis Report.