Forex Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
/Danish Krone (FOREX:ZMWDKK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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 ZMWDKK
The long term trend has been UP since Aug 14th, 2018 at 0.65495
The intermediate term trend has been UP since Aug 13th, 2018 at 0.65410
The short term trend has been DOWN since Aug 15th, 2018 at 0.64780
Smart Scan Analysis for ZMWDKK
Based on a pre-defined weighted trend formula for chart analysis, ZMWDKK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).