Forex Trend Analysis Report
Prepared for you on Monday, December 10, 2018.
/Danish Krone (FOREX:RSDDKK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 RSDDKK
The long term trend has been DOWN since Nov 29th, 2018 at 0.06280
The intermediate term trend has been DOWN since Nov 29th, 2018 at 0.06295
The short term trend has been UP since Nov 30th, 2018 at 0.06315
Smart Scan Analysis for RSDDKK
Based on a pre-defined weighted trend formula for chart analysis, RSDDKK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).