Forex Trend Analysis Report
Prepared for you on Wednesday, October 18, 2017.
Sri Lankan Rupee/Danish Krone (FOREX:LKRDKK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 LKRDKK
The long term trend has been DOWN since Jan 31st, 2017 at 0.04580
The intermediate term trend has been UP since Sep 25th, 2017 at 0.04100
The short term trend has been UP since Oct 16th, 2017 at 0.04105
Smart Scan Analysis for LKRDKK
Based on a pre-defined weighted trend formula for chart analysis, LKRDKK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).