Forex Trend Analysis Report
Prepared for you on Tuesday, December 18, 2018.
/Danish Krone (FOREX:RONDKK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 RONDKK
The long term trend has been DOWN since Jun 21st, 2018 at 1.59255
The intermediate term trend has been DOWN since Nov 19th, 2018 at 1.59785
The short term trend has been UP since Dec 17th, 2018 at 1.60585
Smart Scan Analysis for RONDKK
Based on a pre-defined weighted trend formula for chart analysis, RONDKK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).