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Forex Trend Analysis Report

Prepared for you on Wednesday, July 18, 2018.

US Dollar/Danish Krone (FOREX:USDDKK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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_USDDKK
Open High Low USDDKK Price Change
6.39392 6.40600 6.39362 6.40532 +0.01140
Entry Signal

MarketClub’s Trade Triangles for USDDKK

long term up The long term trend has been UP since May 1st, 2018 at 6.17565

intermediate term down The intermediate term trend has been DOWN since Jul 8th, 2018 at 6.33575

short term up The short term trend has been UP since Jul 18th, 2018 at 6.39912

Smart Scan Analysis for USDDKK

Based on a pre-defined weighted trend formula for chart analysis, USDDKK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for USDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.39392 6.40600 6.39362 6.40532 +0.01140
Prev. Close Volume Bid Ask Time
6.39392 6.40502 6.40562 2018-07-18 02:35:47
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