Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
Danish Krone/Euro (FOREX:DKKEUR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 DKKEUR
The long term trend has been DOWN since May 19th, 2017 at 0.134305
The intermediate term trend has been DOWN since Feb 13th, 2018 at 0.134220
The short term trend has been DOWN since Apr 16th, 2018 at 0.134248
Smart Scan Analysis for DKKEUR
Based on a pre-defined weighted trend formula for chart analysis, DKKEUR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).