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.
MarketClub’s Trade Triangles for TRYDKK
The long term trend has been DOWN since May 4th, 2016 at 2.2370
The intermediate term trend has been DOWN since Jan 2nd, 2019 at 1.2140
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).