Forex Trend Analysis Report
Prepared for you on Saturday, September 22, 2018.
Peruvian Nuevo Sol/Danish Krone (FOREX:PENDKK)
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 PENDKK
The long term trend has been DOWN since Sep 11th, 2018 at 1.92295
The intermediate term trend has been DOWN since Aug 27th, 2018 at 1.94385
The short term trend has been DOWN since Sep 20th, 2018 at 1.92240
Smart Scan Analysis for PENDKK
Based on a pre-defined weighted trend formula for chart analysis, PENDKK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).