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.
MarketClub’s Trade Triangles for INRDKK
The long term trend has been DOWN since Aug 23rd, 2018 at 0.0919
The intermediate term trend has been DOWN since Aug 21st, 2018 at 0.0925
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).