Forex Trend Analysis Report
Prepared for you on Saturday, November 18, 2017.
British Pound/Danish Krone (FOREX:GBPDKK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 GBPDKK
The long term trend has been UP since Nov 1st, 2017 at 8.50699
The intermediate term trend has been DOWN since Nov 14th, 2017 at 8.29440
The short term trend has been UP since Nov 17th, 2017 at 8.36140
Smart Scan Analysis for GBPDKK
Based on a pre-defined weighted trend formula for chart analysis, GBPDKK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).