Forex Trend Analysis Report
Prepared for you on Tuesday, January 15, 2019.
Danish Krone/Indian Rupee (FOREX:DKKINR)
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 DKKINR
The long term trend has been DOWN since Dec 2nd, 2018 at 10.5645
The intermediate term trend has been DOWN since Dec 31st, 2018 at 10.6515
The short term trend has been UP since Jan 7th, 2019 at 10.7350
Smart Scan Analysis for DKKINR
Based on a pre-defined weighted trend formula for chart analysis, DKKINR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).