Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Danish Krone/Australian Dollar (FOREX:DKKAUD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 DKKAUD
The long term trend has been UP since Jan 1st, 2019 at 0.219250
The intermediate term trend has been DOWN since Jan 13th, 2019 at 0.212855
The short term trend has been DOWN since Jan 9th, 2019 at 0.214060
Smart Scan Analysis for DKKAUD
Based on a pre-defined weighted trend formula for chart analysis, DKKAUD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).