Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
Jamaican Dollar/Danish Krone (FOREX:JMDDKK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight 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 JMDDKK
The long term trend has been DOWN since Jan 19th, 2018 at 0.04885
The intermediate term trend has been DOWN since Dec 29th, 2017 at 0.05000
The short term trend has been UP since Mar 16th, 2018 at 0.04730
Smart Scan Analysis for JMDDKK
Based on a pre-defined weighted trend formula for chart analysis, JMDDKK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).