Forex Trend Analysis Report
Prepared for you on Friday, May 26, 2017.
Danish Krone/Euro (FOREX:DKKEUR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 DKKEUR
The long term trend has been DOWN since May 19th, 2017 at 0.134305
The intermediate term trend has been DOWN since Apr 23rd, 2017 at 0.134392
The short term trend has been UP since May 24th, 2017 at 0.134400
Smart Scan Analysis for DKKEUR
Based on a pre-defined weighted trend formula for chart analysis, DKKEUR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).