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.
MarketClub’s Trade Triangles for DKKAUD
The long term trend has been DOWN since May 25th, 2018 at 0.207265
The intermediate term trend has been DOWN since Aug 3rd, 2018 at 0.210220
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).