Forex Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
Danish Krone/Indian Rupee (FOREX:DKKINR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 DKKINR
The long term trend has been UP since Aug 26th, 2018 at 10.9260
The intermediate term trend has been DOWN since Oct 23rd, 2018 at 11.2615
The short term trend has been DOWN since Nov 8th, 2018 at 11.0925
Smart Scan Analysis for DKKINR
Based on a pre-defined weighted trend formula for chart analysis, DKKINR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).