Forex Trend Analysis Report
Prepared for you on Tuesday, August 21, 2018.
Qatari Rial/Danish Krone (FOREX:QARDKK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 QARDKK
The long term trend has been UP since May 1st, 2018 at 1.6962
The intermediate term trend has been UP since Aug 3rd, 2018 at 1.7678
The short term trend has been DOWN since Aug 20th, 2018 at 1.7935
Smart Scan Analysis for QARDKK
Based on a pre-defined weighted trend formula for chart analysis, QARDKK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).