Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
/Danish Krone (FOREX:GIPDKK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 GIPDKK
The long term trend has been UP since Oct 8th, 2018 at 8.55825
The intermediate term trend has been DOWN since Dec 4th, 2018 at 8.33935
The short term trend has been DOWN since Dec 10th, 2018 at 8.32735
Smart Scan Analysis for GIPDKK
Based on a pre-defined weighted trend formula for chart analysis, GIPDKK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).