Forex Trend Analysis Report
Prepared for you on Monday, April 23, 2018.
Danish Krone/Canadian Dollar (FOREX:DKKCAD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 DKKCAD
The long term trend has been UP since Oct 25th, 2017 at 0.202605
The intermediate term trend has been DOWN since Apr 3rd, 2018 at 0.211600
The short term trend has been UP since Apr 16th, 2018 at 0.209430
Smart Scan Analysis for DKKCAD
Based on a pre-defined weighted trend formula for chart analysis, DKKCAD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).