Forex Trend Analysis Report
Prepared for you on Monday, February 19, 2018.
Danish Krone/Australian Dollar (FOREX:DKKAUD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 Apr 28th, 2017 at 0.196950
The intermediate term trend has been UP since Jan 25th, 2018 at 0.207305
The short term trend has been DOWN since Feb 18th, 2018 at 0.210480
Smart Scan Analysis for DKKAUD
Based on a pre-defined weighted trend formula for chart analysis, DKKAUD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).