Forex Trend Analysis Report
Prepared for you on Thursday, February 22, 2018.
Danish Krone/Japanese Yen (FOREX:DKKJPY)
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 DKKJPY
The long term trend has been UP since May 3rd, 2017 at 16.53060
The intermediate term trend has been DOWN since Feb 6th, 2018 at 18.02365
The short term trend has been DOWN since Feb 5th, 2018 at 18.15700
Smart Scan Analysis for DKKJPY
Based on a pre-defined weighted trend formula for chart analysis, DKKJPY scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).