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Forex Trend Analysis Report

Prepared for you on Saturday, January 19, 2019.

Danish Krone/South African Rand (FOREX:DKKZAR)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.

FOREX_DKKZAR
Open High Low DKKZAR Price Change
2.096310 2.112380 2.093530 2.107055 +0.010745
Entry Signal

MarketClub’s Trade Triangles for DKKZAR

long term down The long term trend has been DOWN since Dec 3rd, 2018 at 2.075230

intermediate term down The intermediate term trend has been DOWN since Jan 4th, 2019 at 2.142590

short term down The short term trend has been DOWN since Jan 11th, 2019 at 2.128785

Smart Scan Analysis for DKKZAR

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

-100
Smart Scan Analysis for DKKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.096310 2.112380 2.093530 2.107055 +0.010745
Prev. Close Volume Bid Ask Time
2.096310 2.104970 2.109140 2019-01-18 18:06:18
Want to analyze Danish Krone/South African Rand DKKZAR or another symbol? Try our Free Forex Trend Analysis Report.