Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Danish Krone/Malaysian Ringt (FOREX:DKKMYR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 DKKMYR
The long term trend has been DOWN since Nov 1st, 2017 at 0.660075
The intermediate term trend has been DOWN since Nov 1st, 2017 at 0.660075
The short term trend has been UP since Dec 13th, 2017 at 0.646565
Smart Scan Analysis for DKKMYR
Based on a pre-defined weighted trend formula for chart analysis, DKKMYR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).