Forex Trend Analysis Report
Prepared for you on Sunday, September 24, 2017.
British Pound/Danish Krone (FOREX:GBPDKK)
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 GBPDKK
The long term trend has been DOWN since Jun 8th, 2017 at 8.459365
The intermediate term trend has been UP since Sep 10th, 2017 at 8.167785
The short term trend has been UP since Aug 30th, 2017 at 8.058620
Smart Scan Analysis for GBPDKK
Based on a pre-defined weighted trend formula for chart analysis, GBPDKK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).