Analyze Symbol

Forex Trend Analysis Report

Prepared for you on Tuesday, January 21, 2020.

Danish Krone/New Taiwan Dollar (FOREX:DKKTWD)

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.

FOREX_DKKTWD
Open High Low DKKTWD Price Change
4.4611533 4.4611533 4.4609443 4.4609443 -0.0002090
Entry Signal

MarketClub’s Trade Triangles for DKKTWD

long term down The long term trend has been DOWN since Aug 1st, 2019 at 4.6351500

intermediate term down The intermediate term trend has been DOWN since Dec 22nd, 2019 at 4.4906926

short term up The short term trend has been UP since Jan 21st, 2020 at 4.4549759

Smart Scan Analysis for DKKTWD

Based on a pre-defined weighted trend formula for chart analysis, DKKTWD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for DKKTWD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.4611533 4.4611533 4.4609443 4.4609443 -0.0002090
Prev. Close Volume Bid Ask Time
4.4611533 4.3271255 4.5947631 2020-01-21 21:00:31
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