Forex Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
Macedonian Denar/Danish Krone (FOREX:MKDDKK)
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 MKDDKK
The long term trend has been UP since Jan 8th, 2018 at 0.12140
The intermediate term trend has been DOWN since Jul 4th, 2018 at 0.12075
The short term trend has been UP since Jul 19th, 2018 at 0.12125
Smart Scan Analysis for MKDDKK
Based on a pre-defined weighted trend formula for chart analysis, MKDDKK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).