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.
MarketClub’s Trade Triangles for DKKSEK
The long term trend has been DOWN since Nov 8th, 2018 at 1.37757
The intermediate term trend has been DOWN since Oct 17th, 2018 at 1.37940
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).