Forex Trend Analysis Report
Prepared for you on Tuesday, July 25, 2017.
Danish Krone/Euro (FOREX:DKKEUR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DKKEUR
The long term trend has been DOWN since May 19th, 2017 at 0.134305
The intermediate term trend has been DOWN since Jun 28th, 2017 at 0.134356
The short term trend has been UP since Jul 21st, 2017 at 0.134495
Smart Scan Analysis for DKKEUR
Based on a pre-defined weighted trend formula for chart analysis, DKKEUR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).