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Forex Trend Analysis Report

Prepared for you on Thursday, July 19, 2018.

Danish Krone/Norwegian Krone (FOREX:DKKNOK)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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.

FOREX_DKKNOK
Open High Low DKKNOK Price Change
1.276965 1.285625 1.276800 1.282725 +0.005760
Entry Signal

MarketClub’s Trade Triangles for DKKNOK

long term down The long term trend has been DOWN since Mar 15th, 2018 at 1.28000

intermediate term up The intermediate term trend has been UP since Jul 18th, 2018 at 1.27995

short term up The short term trend has been UP since Jul 11th, 2018 at 1.26770

Smart Scan Analysis for DKKNOK

Based on a pre-defined weighted trend formula for chart analysis, DKKNOK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for DKKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.276965 1.285625 1.276800 1.282725 +0.005760
Prev. Close Volume Bid Ask Time
1.276965 1.282460 1.282990 2018-07-19 09:45:40
Want to analyze Danish Krone/Norwegian Krone DKKNOK or another symbol? Try our Free Forex Trend Analysis Report.