Forex Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
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 16.6450
The intermediate term trend has been UP since Aug 22nd, 2018 at 16.7235
The short term trend has been DOWN since Oct 19th, 2018 at 18.0380
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).