Forex Trend Analysis Report
Prepared for you on Wednesday, February 21, 2018.
Indian Rupee/Danish Krone (FOREX:INRDKK)
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 INRDKK
The long term trend has been DOWN since Jun 27th, 2017 at 0.10215
The intermediate term trend has been DOWN since Dec 22nd, 2017 at 0.09655
The short term trend has been DOWN since Feb 13th, 2018 at 0.09420
Smart Scan Analysis for INRDKK
Based on a pre-defined weighted trend formula for chart analysis, INRDKK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).