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Forex Trend Analysis Report

Prepared for you on Sunday, November 18, 2018.

Danish Krone/United Arab Emirates Dirham (FOREX:DKKAED)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_DKKAED
Open High Low DKKAED Price Change
0.557925 0.562325 0.557925 0.557925 0.000000
Entry Signal

MarketClub’s Trade Triangles for DKKAED

long term down The long term trend has been DOWN since May 2nd, 2018 at 0.594925

intermediate term down The intermediate term trend has been DOWN since Oct 2nd, 2018 at 0.568535

short term up The short term trend has been UP since Nov 15th, 2018 at 0.557915

Smart Scan Analysis for DKKAED

Based on a pre-defined weighted trend formula for chart analysis, DKKAED scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for DKKAED
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.557925 0.562325 0.557925 0.557925 0.000000
Prev. Close Volume Bid Ask Time
0.557925 0.545860 0.569990 2018-11-17 17:09:28
Want to analyze Danish Krone/United Arab Emirates Dirham DKKAED or another symbol? Try our Free Forex Trend Analysis Report.