Forex Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
Danish Krone/Swiss Franc (FOREX:DKKCHF)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 DKKCHF
The long term trend has been DOWN since May 29th, 2018 at 15.3840
The intermediate term trend has been DOWN since Nov 12th, 2018 at 15.2110
The short term trend has been UP since Nov 14th, 2018 at 15.2826
Smart Scan Analysis for DKKCHF
Based on a pre-defined weighted trend formula for chart analysis, DKKCHF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).