Forex Trend Analysis Report
Prepared for you on Wednesday, September 20, 2017.
Danish Krone/British Pound (FOREX:DKKGBP)
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 DKKGBP
The long term trend has been UP since Jun 8th, 2017 at 0.118215
The intermediate term trend has been DOWN since Sep 10th, 2017 at 0.122435
The short term trend has been DOWN since Aug 30th, 2017 at 0.124090
Smart Scan Analysis for DKKGBP
Based on a pre-defined weighted trend formula for chart analysis, DKKGBP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).