Forex Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
Czech Koruna/Danish Krone (FOREX:CZKDKK)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 CZKDKK
The long term trend has been DOWN since May 1st, 2018 at 0.290950
The intermediate term trend has been DOWN since Apr 22nd, 2018 at 0.293340
The short term trend has been DOWN since May 15th, 2018 at 0.291885
Smart Scan Analysis for CZKDKK
Based on a pre-defined weighted trend formula for chart analysis, CZKDKK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).