Forex Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
Danish Krone/Chinese Renminbi Yuan (FOREX:DKKCNY)
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 DKKCNY
The long term trend has been DOWN since Dec 3rd, 2018 at 1.04650
The intermediate term trend has been DOWN since Jan 2nd, 2019 at 1.04210
The short term trend has been UP since Jan 21st, 2019 at 1.03585
Smart Scan Analysis for DKKCNY
Based on a pre-defined weighted trend formula for chart analysis, DKKCNY scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).