Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
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 DOWN since Oct 5th, 2018 at 0.118105
The intermediate term trend has been DOWN since Nov 4th, 2018 at 0.117340
The short term trend has been UP since Nov 15th, 2018 at 0.117595
Smart Scan Analysis for DKKGBP
Based on a pre-defined weighted trend formula for chart analysis, DKKGBP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).