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.
MarketClub’s Trade Triangles for USDDKK
The long term trend has been UP since May 1st, 2018 at 6.17565
The intermediate term trend has been DOWN since Jul 8th, 2018 at 6.33575
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).