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Forex Trend Analysis Report

Prepared for you on Friday, May 26, 2017.

British Pound/Danish Krone (FOREX:GBPDKK)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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_GBPDKK
Open High Low GBPDKK Price Change
8.562750 8.565950 8.507600 8.509725 -0.053025
Entry Signal

MarketClub’s Trade Triangles for GBPDKK

long term up The long term trend has been UP since Dec 4th, 2016 at 8.92668

intermediate term down The intermediate term trend has been DOWN since May 16th, 2017 at 8.72185

short term down The short term trend has been DOWN since May 12th, 2017 at 8.80435

Smart Scan Analysis for GBPDKK

Based on a pre-defined weighted trend formula for chart analysis, GBPDKK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for GBPDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.562750 8.565950 8.507600 8.509725 -0.053025
Prev. Close Volume Bid Ask Time
8.562750 8.509050 8.510400 2017-05-26 12:53:56
Want to analyze British Pound/Danish Krone GBPDKK or another symbol? Try our Free Forex Trend Analysis Report.