Forex Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
CFA Franc BEAC/Danish Krone (FOREX:XAFDKK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 XAFDKK
The long term trend has been DOWN since Jun 6th, 2018 at 0.0113
The intermediate term trend has been DOWN since Jun 6th, 2018 at 0.0113
The short term trend has been UP since Jul 13th, 2018 at 0.0114
Smart Scan Analysis for XAFDKK
Based on a pre-defined weighted trend formula for chart analysis, XAFDKK scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).