Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Danish Krone/United Arab Emirates Dirham (FOREX:DKKAED)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 DKKAED
The long term trend has been DOWN since May 2nd, 2018 at 0.594925
The intermediate term trend has been UP since Jun 22nd, 2018 at 0.583565
The short term trend has been UP since Jul 16th, 2018 at 0.575935
Smart Scan Analysis for DKKAED
Based on a pre-defined weighted trend formula for chart analysis, DKKAED scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).