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Forex Trend Analysis Report

Prepared for you on Sunday, November 18, 2018.

Danish Krone/Swedish Krona (FOREX:DKKSEK)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.

FOREX_DKKSEK
Open High Low DKKSEK Price Change
1.377900 1.378340 1.376690 1.377515 -0.000385
Entry Signal

MarketClub’s Trade Triangles for DKKSEK

long term down The long term trend has been DOWN since Nov 8th, 2018 at 1.37757

intermediate term down The intermediate term trend has been DOWN since Oct 17th, 2018 at 1.37940

short term up The short term trend has been UP since Nov 16th, 2018 at 1.37870

Smart Scan Analysis for DKKSEK

Based on a pre-defined weighted trend formula for chart analysis, DKKSEK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for DKKSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.377900 1.378340 1.376690 1.377515 -0.000385
Prev. Close Volume Bid Ask Time
1.377900 1.377210 1.377820 2018-11-18 22:24:50
Want to analyze Danish Krone/Swedish Krona DKKSEK or another symbol? Try our Free Forex Trend Analysis Report.