Forex Trend Analysis Report
Prepared for you on Friday, September 21, 2018.
Jordanian Dinar/Danish Krone (FOREX:JODDKK)
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 JODDKK
The long term trend has been UP since May 1st, 2018 at 8.7072
The intermediate term trend has been DOWN since Aug 27th, 2018 at 9.0349
The short term trend has been DOWN since Sep 6th, 2018 at 9.0310
Smart Scan Analysis for JODDKK
Based on a pre-defined weighted trend formula for chart analysis, JODDKK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).