Forex Trend Analysis Report
Prepared for you on Thursday, April 26, 2018.
New Zealand Dollar/Danish Krone (FOREX:NZDDKK)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 NZDDKK
The long term trend has been DOWN since Mar 8th, 2017 at 4.87960
The intermediate term trend has been DOWN since Apr 23rd, 2018 at 4.35785
The short term trend has been DOWN since Apr 16th, 2018 at 4.43130
Smart Scan Analysis for NZDDKK
Based on a pre-defined weighted trend formula for chart analysis, NZDDKK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).