Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
Danish Krone/Australian Dollar (FOREX:DKKAUD)
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 DKKAUD
The long term trend has been DOWN since Dec 25th, 2019 at 0.21320500
The intermediate term trend has been DOWN since Dec 12th, 2019 at 0.21612945
The short term trend has been UP since Jan 16th, 2020 at 0.21637752
Smart Scan Analysis for DKKAUD
Based on a pre-defined weighted trend formula for chart analysis, DKKAUD scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).