Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Danish Krone/Euro (FOREX:DKKEUR)
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 DKKEUR
The long term trend has been DOWN since May 19th, 2017 at 0.134305
The intermediate term trend has been DOWN since Nov 15th, 2018 at 0.133971
The short term trend has been UP since Dec 13th, 2018 at 0.133991
Smart Scan Analysis for DKKEUR
Based on a pre-defined weighted trend formula for chart analysis, DKKEUR scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).