Forex Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
Danish Krone/Colombian Peso (FOREX:DKKCOP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 DKKCOP
The long term trend has been UP since Aug 19th, 2018 at 461.215
The intermediate term trend has been UP since Oct 21st, 2018 at 473.565
The short term trend has been UP since Oct 3rd, 2018 at 463.735
Smart Scan Analysis for DKKCOP
Based on a pre-defined weighted trend formula for chart analysis, DKKCOP scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).