Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Danish Krone/Malaysian Ringt (FOREX:DKKMYR)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 UP since Aug 28th, 2018 at 0.644575
The intermediate term trend has been DOWN since Oct 2nd, 2018 at 0.640885
The short term trend has been DOWN since Oct 17th, 2018 at 0.642465
Smart Scan Analysis for DKKMYR
Based on a pre-defined weighted trend formula for chart analysis, DKKMYR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).