Forex Trend Analysis Report
Prepared for you on Saturday, April 21, 2018.
Turkish Lira/Danish Krone (FOREX:TRYDKK)
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 TRYDKK
The long term trend has been DOWN since May 4th, 2016 at 2.23700
The intermediate term trend has been DOWN since Mar 7th, 2018 at 1.57465
The short term trend has been UP since Apr 18th, 2018 at 1.47940
Smart Scan Analysis for TRYDKK
Based on a pre-defined weighted trend formula for chart analysis, TRYDKK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).