Forex Trend Analysis Report
Prepared for you on Wednesday, May 23, 2018.
Mauritius Rupee/Danish Krone (FOREX:MURDKK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 MURDKK
The long term trend has been DOWN since Feb 22nd, 2018 at 0.18295
The intermediate term trend has been UP since May 1st, 2018 at 0.18215
The short term trend has been UP since May 23rd, 2018 at 0.18445
Smart Scan Analysis for MURDKK
Based on a pre-defined weighted trend formula for chart analysis, MURDKK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).