Forex Trend Analysis Report
Prepared for you on Monday, November 20, 2017.
Danish Krone/Czech Koruna (FOREX:DKKCZK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 DKKCZK
The long term trend has been DOWN since Apr 6th, 2017 at 3.62900
The intermediate term trend has been DOWN since Aug 30th, 2017 at 3.49785
The short term trend has been UP since Nov 14th, 2017 at 3.43750
Smart Scan Analysis for DKKCZK
Based on a pre-defined weighted trend formula for chart analysis, DKKCZK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).