Forex Trend Analysis Report
Prepared for you on Sunday, July 22, 2018.
Danish Krone/Icelandic Krona (FOREX:DKKISK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 DKKISK
The long term trend has been UP since Jun 6th, 2018 at 16.6450
The intermediate term trend has been UP since May 18th, 2018 at 16.5575
The short term trend has been DOWN since Jul 13th, 2018 at 16.8125
Smart Scan Analysis for DKKISK
Based on a pre-defined weighted trend formula for chart analysis, DKKISK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).