Forex Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
Danish Krone/Malaysian Ringt (FOREX:DKKMYR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 Jun 1st, 2016 at 0.62274
The intermediate term trend has been UP since Jun 27th, 2017 at 0.64913
The short term trend has been DOWN since Aug 15th, 2017 at 0.67844
Smart Scan Analysis for DKKMYR
Based on a pre-defined weighted trend formula for chart analysis, DKKMYR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).