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Forex Trend Analysis Report

Prepared for you on Tuesday, January 22, 2019.

Turkish Lira/Danish Krone (FOREX:TRYDKK)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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
1.2336 1.2339 1.2251 1.2300 -0.0036
Entry Signal

MarketClub’s Trade Triangles for TRYDKK

long term down The long term trend has been DOWN since May 4th, 2016 at 2.2370

intermediate term down The intermediate term trend has been DOWN since Jan 2nd, 2019 at 1.2140

short term up The short term trend has been UP since Jan 15th, 2019 at 1.1974

Smart Scan Analysis for TRYDKK

Based on a pre-defined weighted trend formula for chart analysis, TRYDKK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for TRYDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.2336 1.2339 1.2251 1.2300 -0.0036
Prev. Close Volume Bid Ask Time
1.2336 1.2281 1.2319 2019-01-22 18:17:21
Want to analyze Turkish Lira/Danish Krone TRYDKK or another symbol? Try our Free Forex Trend Analysis Report.