Forex Trend Analysis Report
Prepared for you on Monday, December 18, 2017.
East Caribbean Dollar/Danish Krone (FOREX:XCDDKK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 UP since Nov 7th, 2017 at 2.38025
The intermediate term trend has been DOWN since Nov 15th, 2017 at 2.33330
The short term trend has been DOWN since Dec 14th, 2017 at 2.33440
Smart Scan Analysis for XCDDKK
Based on a pre-defined weighted trend formula for chart analysis, XCDDKK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).