Forex Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
Singapore Dollar/Danish Krone (FOREX:SGDDKK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SGDDKK
The long term trend has been DOWN since Jun 22nd, 2018 at 4.54750
The intermediate term trend has been UP since Sep 28th, 2018 at 4.69140
The short term trend has been UP since Oct 17th, 2018 at 4.69305
Smart Scan Analysis for SGDDKK
Based on a pre-defined weighted trend formula for chart analysis, SGDDKK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).