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Forex Trend Analysis Report

Prepared for you on Wednesday, January 17, 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.

FOREX_DKKGBP
Open High Low DKKGBP Price Change
0.119430 0.119480 0.118315 0.118405 -0.001025
Entry Signal

MarketClub’s Trade Triangles for DKKGBP

long term down The long term trend has been DOWN since Nov 1st, 2017 at 0.117550

intermediate term up The intermediate term trend has been UP since Dec 28th, 2017 at 0.119420

short term down The short term trend has been DOWN since Jan 17th, 2018 at 0.118985

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).

-65
Smart Scan Analysis for DKKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.119430 0.119480 0.118315 0.118405 -0.001025
Prev. Close Volume Bid Ask Time
0.119430 0.118370 0.118440 2018-01-17 19:00:53
Want to analyze Danish Krone/British Pound DKKGBP or another symbol? Try our Free Forex Trend Analysis Report.