Forex Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
Omani Rial/Danish Krone (FOREX:OMRDKK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 OMRDKK
The long term trend has been UP since May 1st, 2018 at 16.04145
The intermediate term trend has been UP since Oct 1st, 2018 at 16.74200
The short term trend has been DOWN since Oct 10th, 2018 at 16.79050
Smart Scan Analysis for OMRDKK
Based on a pre-defined weighted trend formula for chart analysis, OMRDKK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).