Forex Trend Analysis Report
Prepared for you on Saturday, December 15, 2018.
Danish Krone/Special Drawing Right (FOREX:DKKSDR)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 DOWN since Oct 28th, 2018 at 0.10973
The intermediate term trend has been UP since Nov 19th, 2018 at 0.11070
The short term trend has been UP since Dec 13th, 2018 at 0.11019
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).