Forex Trend Analysis Report
Prepared for you on Wednesday, March 21, 2018.
CFA Franc BEAC/Danish Krone (FOREX:XAFDKK)
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 XAFDKK
The long term trend has been UP since Nov 15th, 2016 at 0.01135
The intermediate term trend has been DOWN since Jul 18th, 2017 at 0.01135
The short term trend has been UP since Aug 7th, 2017 at 0.01135
Smart Scan Analysis for XAFDKK
Based on a pre-defined weighted trend formula for chart analysis, XAFDKK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).