Forex Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
Euro/Danish Krone (FOREX:EURDKK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.
MarketClub’s Trade Triangles for EURDKK
The long term trend has been DOWN since May 29th, 2018 at 7.441150
The intermediate term trend has been UP since Jun 12th, 2018 at 7.451885
The short term trend has been UP since Jun 6th, 2018 at 7.445430
Smart Scan Analysis for EURDKK
Based on a pre-defined weighted trend formula for chart analysis, EURDKK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).