Forex Trend Analysis Report
Prepared for you on Saturday, October 21, 2017.
US Dollar/Danish Krone (FOREX:USDDKK)
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 USDDKK
The long term trend has been DOWN since Mar 26th, 2017 at 6.870100
The intermediate term trend has been UP since Sep 25th, 2017 at 6.278245
The short term trend has been DOWN since Oct 19th, 2017 at 6.299415
Smart Scan Analysis for USDDKK
Based on a pre-defined weighted trend formula for chart analysis, USDDKK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).