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Forex Trend Analysis Report

Prepared for you on Friday, November 24, 2017.

Indian Rupee/Danish Krone (FOREX:INRDKK)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.

FOREX_INRDKK
Open High Low INRDKK Price Change
0.09700 0.09710 0.09670 0.09675 -0.00025
Entry Signal

MarketClub’s Trade Triangles for INRDKK

long term down The long term trend has been DOWN since Jun 27th, 2017 at 0.10215

intermediate term down The intermediate term trend has been DOWN since Nov 14th, 2017 at 0.09700

short term down The short term trend has been DOWN since Nov 24th, 2017 at 0.09705

Smart Scan Analysis for INRDKK

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

-100
Smart Scan Analysis for INRDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.09700 0.09710 0.09670 0.09675 -0.00025
Prev. Close Volume Bid Ask Time
0.09700 0.09670 0.09680 2017-11-24 11:32:56
Want to analyze Indian Rupee/Danish Krone INRDKK or another symbol? Try our Free Forex Trend Analysis Report.