Forex Trend Analysis Report
Prepared for you on Saturday, March 17, 2018.
/Danish Krone (FOREX:RSDDKK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 RSDDKK
The long term trend has been UP since May 18th, 2017 at 0.06055
The intermediate term trend has been UP since Dec 22nd, 2017 at 0.06275
The short term trend has been DOWN since Mar 12th, 2018 at 0.06310
Smart Scan Analysis for RSDDKK
Based on a pre-defined weighted trend formula for chart analysis, RSDDKK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).