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Forex Trend Analysis Report

Prepared for you on Thursday, September 20, 2018.

Indian Rupee/Danish Krone (FOREX:INRDKK)

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.

FOREX_INRDKK
Open High Low INRDKK Price Change
0.08850 0.08855 0.08795 0.08805 -0.00045
Entry Signal

MarketClub’s Trade Triangles for INRDKK

long term down The long term trend has been DOWN since Aug 23rd, 2018 at 0.0919

intermediate term down The intermediate term trend has been DOWN since Aug 21st, 2018 at 0.0925

short term up The short term trend has been UP since Sep 20th, 2018 at 0.0885

Smart Scan Analysis for INRDKK

Based on a pre-defined weighted trend formula for chart analysis, INRDKK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for INRDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08850 0.08855 0.08795 0.08805 -0.00045
Prev. Close Volume Bid Ask Time
0.08850 0.08800 0.08810 2018-09-20 14:25:10
Want to analyze Indian Rupee/Danish Krone INRDKK or another symbol? Try our Free Forex Trend Analysis Report.