Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Danish Krone/Icelandic Krona (FOREX:DKKISK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 16.645
The intermediate term trend has been UP since Jan 14th, 2019 at 18.533
The short term trend has been DOWN since Jan 17th, 2019 at 18.526
Smart Scan Analysis for DKKISK
Based on a pre-defined weighted trend formula for chart analysis, DKKISK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).