Forex Trend Analysis Report
Prepared for you on Wednesday, December 19, 2018.
Danish Krone/Singapore Dollar (FOREX:DKKSGD)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DKKSGD
The long term trend has been DOWN since Nov 9th, 2018 at 0.209355
The intermediate term trend has been DOWN since Sep 28th, 2018 at 0.213175
The short term trend has been UP since Dec 18th, 2018 at 0.209000
Smart Scan Analysis for DKKSGD
Based on a pre-defined weighted trend formula for chart analysis, DKKSGD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).