Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
/Danish Krone (FOREX:GHSDKK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.
MarketClub’s Trade Triangles for GHSDKK
The long term trend has been DOWN since Jun 4th, 2018 at 1.34450
The intermediate term trend has been DOWN since May 21st, 2018 at 1.36750
The short term trend has been UP since Jul 11th, 2018 at 1.32875
Smart Scan Analysis for GHSDKK
Based on a pre-defined weighted trend formula for chart analysis, GHSDKK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).