Forex Trend Analysis Report
Prepared for you on Sunday, June 17, 2018.
Danish Krone/Chinese Renminbi Yuan (FOREX:DKKCNY)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Apr 26th, 2018 at 1.03195
The intermediate term trend has been DOWN since Mar 28th, 2018 at 1.04085
The short term trend has been DOWN since Jun 14th, 2018 at 1.00855
Smart Scan Analysis for DKKCNY
Based on a pre-defined weighted trend formula for chart analysis, DKKCNY scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).