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Forex Trend Analysis Report

Prepared for you on Tuesday, August 21, 2018.

Danish Krone/Australian Dollar (FOREX:DKKAUD)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_DKKAUD
Open High Low DKKAUD Price Change
0.21015 0.21097 0.20984 0.21089 +0.00074
Entry Signal

MarketClub’s Trade Triangles for DKKAUD

long term down The long term trend has been DOWN since May 25th, 2018 at 0.207265

intermediate term down The intermediate term trend has been DOWN since Aug 3rd, 2018 at 0.210220

short term up The short term trend has been UP since Aug 21st, 2018 at 0.210550

Smart Scan Analysis for DKKAUD

Based on a pre-defined weighted trend formula for chart analysis, DKKAUD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for DKKAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.21015 0.21097 0.20984 0.21089 +0.00074
Prev. Close Volume Bid Ask Time
0.21015 0.21087 0.21091 2018-08-21 21:20:23
Want to analyze Danish Krone/Australian Dollar DKKAUD or another symbol? Try our Free Forex Trend Analysis Report.