Forex Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
New Zealand Dollar/Danish Krone (FOREX:NZDDKK)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 UP since Nov 1st, 2018 at 4.3530
The intermediate term trend has been UP since Oct 18th, 2018 at 4.2652
The short term trend has been UP since Dec 11th, 2018 at 4.5242
Smart Scan Analysis for NZDDKK
Based on a pre-defined weighted trend formula for chart analysis, NZDDKK scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).