Forex Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
Russian Ruble/Danish Krone (FOREX:RUBDKK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 RUBDKK
The long term trend has been DOWN since Feb 8th, 2018 at 0.10398
The intermediate term trend has been UP since Jul 10th, 2018 at 0.10267
The short term trend has been DOWN since Jul 17th, 2018 at 0.10175
Smart Scan Analysis for RUBDKK
Based on a pre-defined weighted trend formula for chart analysis, RUBDKK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).