Forex Trend Analysis Report
Prepared for you on Friday, July 20, 2018.
Danish Krone/Canadian Dollar (FOREX:DKKCAD)
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 DKKCAD
The long term trend has been DOWN since May 9th, 2018 at 0.205095
The intermediate term trend has been UP since Jun 7th, 2018 at 0.205555
The short term trend has been UP since Jul 20th, 2018 at 0.207445
Smart Scan Analysis for DKKCAD
Based on a pre-defined weighted trend formula for chart analysis, DKKCAD scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).