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Forex Trend Analysis Report

Prepared for you on Wednesday, February 21, 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
0.951605 0.954565 0.951405 0.953985 +0.002380
Entry Signal

MarketClub’s Trade Triangles for CNYDKK

long term down The long term trend has been DOWN since Jan 15th, 2018 at 0.943410

intermediate term down The intermediate term trend has been DOWN since Feb 15th, 2018 at 0.940490

short term up The short term trend has been UP since Feb 19th, 2018 at 0.945855

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
0.951605 0.954565 0.951405 0.953985 +0.002380
Prev. Close Volume Bid Ask Time
0.951605 0.953670 0.954300 2018-02-21 13:47:32
Want to analyze Chinese Renminbi Yuan/Danish Krone CNYDKK or another symbol? Try our Free Forex Trend Analysis Report.