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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.

FOREX_TRYDKK
Open High Low TRYDKK Price Change
1.49165 1.50275 1.48640 1.48675 -0.00490
Entry Signal

MarketClub’s Trade Triangles for TRYDKK

long term down The long term trend has been DOWN since May 4th, 2016 at 2.23700

intermediate term down The intermediate term trend has been DOWN since Mar 7th, 2018 at 1.57465

short term up 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).

-85
Smart Scan Analysis for TRYDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.49165 1.50275 1.48640 1.48675 -0.00490
Prev. Close Volume Bid Ask Time
1.49165 1.48550 1.48800 2018-04-20 18:34:11
Want to analyze Turkish Lira/Danish Krone TRYDKK or another symbol? Try our Free Forex Trend Analysis Report.