Forex Trend Analysis Report
Prepared for you on Saturday, October 21, 2017.
Danish Krone/Malaysian Ringt (FOREX:DKKMYR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Jun 1st, 2016 at 0.62274
The intermediate term trend has been DOWN since Sep 11th, 2017 at 0.67554
The short term trend has been UP since Oct 18th, 2017 at 0.66949
Smart Scan Analysis for DKKMYR
Based on a pre-defined weighted trend formula for chart analysis, DKKMYR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).