Forex Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
Danish Krone/Swiss Franc (FOREX:DKKCHF)
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 DKKCHF
The long term trend has been DOWN since May 29th, 2018 at 15.3840
The intermediate term trend has been DOWN since Dec 25th, 2018 at 15.0410
The short term trend has been UP since Jan 9th, 2019 at 15.0825
Smart Scan Analysis for DKKCHF
Based on a pre-defined weighted trend formula for chart analysis, DKKCHF scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).