Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
Danish Krone/Australian Dollar (FOREX:DKKAUD)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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.
MarketClub’s Trade Triangles for DKKAUD
The long term trend has been UP since Aug 29th, 2018 at 0.215330
The intermediate term trend has been UP since Oct 5th, 2018 at 0.219170
The short term trend has been UP since Oct 21st, 2018 at 0.217395
Smart Scan Analysis for DKKAUD
Based on a pre-defined weighted trend formula for chart analysis, DKKAUD scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).