Forex Trend Analysis Report
Prepared for you on Friday, November 17, 2017.
Danish Krone/British Pound (FOREX:DKKGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 Nov 1st, 2017 at 0.117550
The intermediate term trend has been UP since Nov 14th, 2017 at 0.120555
The short term trend has been DOWN since Nov 17th, 2017 at 0.119595
Smart Scan Analysis for DKKGBP
Based on a pre-defined weighted trend formula for chart analysis, DKKGBP scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).