Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
Danish Krone/US Dollar (FOREX:DKKUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 DKKUSD
The long term trend has been UP since Jan 2nd, 2018 at 0.161530
The intermediate term trend has been UP since Nov 15th, 2017 at 0.159005
The short term trend has been DOWN since Feb 19th, 2018 at 0.166500
Smart Scan Analysis for DKKUSD
Based on a pre-defined weighted trend formula for chart analysis, DKKUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).