Forex Trend Analysis Report
Prepared for you on Friday, March 23, 2018.
East Caribbean Dollar/Danish Krone (FOREX:XCDDKK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 XCDDKK
The long term trend has been DOWN since Jan 2nd, 2018 at 2.2946
The intermediate term trend has been UP since Feb 28th, 2018 at 2.2561
The short term trend has been DOWN since Mar 22nd, 2018 at 2.2332
Smart Scan Analysis for XCDDKK
Based on a pre-defined weighted trend formula for chart analysis, XCDDKK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).