Forex Trend Analysis Report
Prepared for you on Monday, July 16, 2018.
Jamaican Dollar/Danish Krone (FOREX:JMDDKK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 UP since May 1st, 2018 at 0.04955
The intermediate term trend has been UP since Jul 2nd, 2018 at 0.04945
The short term trend has been DOWN since Jul 5th, 2018 at 0.04930
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).