Forex Trend Analysis Report
Prepared for you on Tuesday, July 25, 2017.
British Pound/Danish Krone (FOREX:GBPDKK)
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 GBPDKK
The long term trend has been DOWN since Jun 8th, 2017 at 8.459365
The intermediate term trend has been DOWN since Jul 20th, 2017 at 8.312400
The short term trend has been DOWN since Jul 18th, 2017 at 8.430055
Smart Scan Analysis for GBPDKK
Based on a pre-defined weighted trend formula for chart analysis, GBPDKK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).