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Forex Trend Analysis Report

Prepared for you on Tuesday, October 23, 2018.

Danish Krone/US Dollar (FOREX:DKKUSD)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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_DKKUSD
Open High Low DKKUSD Price Change
0.153640 0.153940 0.153335 0.153750 +0.000110
Entry Signal

MarketClub’s Trade Triangles for DKKUSD

long term down The long term trend has been DOWN since May 1st, 2018 at 0.161920

intermediate term down The intermediate term trend has been DOWN since Oct 2nd, 2018 at 0.154619

short term up The short term trend has been UP since Oct 22nd, 2018 at 0.154492

Smart Scan Analysis for DKKUSD

Based on a pre-defined weighted trend formula for chart analysis, DKKUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for DKKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.153640 0.153940 0.153335 0.153750 +0.000110
Prev. Close Volume Bid Ask Time
0.153640 0.153740 0.153760 2018-10-23 10:53:03
Want to analyze Danish Krone/US Dollar DKKUSD or another symbol? Try our Free Forex Trend Analysis Report.