Forex Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
Turkish Lira/Danish Krone (FOREX:TRYDKK)
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 TRYDKK
The long term trend has been DOWN since Jan 10th, 2016 at 2.2527
The intermediate term trend has been UP since Sep 27th, 2018 at 1.0643
The short term trend has been UP since Oct 15th, 2018 at 1.1047
Smart Scan Analysis for TRYDKK
Based on a pre-defined weighted trend formula for chart analysis, TRYDKK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).