Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Chinese Yuan Renminbi/Danish Krone (FOREX:CNYDKK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 CNYDKK
The long term trend has been UP since Dec 25th, 2019 at 0.9701476
The intermediate term trend has been UP since Jan 10th, 2020 at 0.9723706
The short term trend has been DOWN since Jan 21st, 2020 at 0.9763227
Smart Scan Analysis for CNYDKK
Based on a pre-defined weighted trend formula for chart analysis, CNYDKK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).