Forex Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
Danish Krone/US Dollar (FOREX:DKKUSD)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since May 1st, 2018 at 0.161920
The intermediate term trend has been DOWN since Aug 3rd, 2018 at 0.155365
The short term trend has been DOWN since Aug 9th, 2018 at 0.154740
Smart Scan Analysis for DKKUSD
Based on a pre-defined weighted trend formula for chart analysis, DKKUSD scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).