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.
MarketClub’s Trade Triangles for DKKNOK
The long term trend has been DOWN since Mar 15th, 2018 at 1.28000
The intermediate term trend has been UP since Jul 18th, 2018 at 1.27995
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).