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Forex Trend Analysis Report

Prepared for you on Friday, December 15, 2017.

US Dollar/Danish Krone (FOREX:USDDKK)

Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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_USDDKK
Open High Low USDDKK Price Change
6.318375 6.334700 6.302890 6.333600 +0.015225
Entry Signal

MarketClub’s Trade Triangles for USDDKK

long term up The long term trend has been UP since Nov 7th, 2017 at 6.42714

intermediate term down The intermediate term trend has been DOWN since Nov 15th, 2017 at 6.28940

short term down The short term trend has been DOWN since Dec 13th, 2017 at 6.30235

Smart Scan Analysis for USDDKK

Based on a pre-defined weighted trend formula for chart analysis, USDDKK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for USDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.318375 6.334700 6.302890 6.333600 +0.015225
Prev. Close Volume Bid Ask Time
6.318375 6.333100 6.334100 2017-12-15 18:15:18
Want to analyze US Dollar/Danish Krone USDDKK or another symbol? Try our Free Forex Trend Analysis Report.