Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Danish Krone/Special Drawing Right (FOREX:DKKSDR)
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 DKKSDR
The long term trend has been UP since Sep 23rd, 2018 at 0.11227
The intermediate term trend has been DOWN since Sep 30th, 2018 at 0.11120
The short term trend has been DOWN since Sep 27th, 2018 at 0.11224
Smart Scan Analysis for DKKSDR
Based on a pre-defined weighted trend formula for chart analysis, DKKSDR scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).