Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Special Drawing Right/Danish Krone (FOREX:SDRDKK)
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 SDRDKK
The long term trend has been DOWN since Dec 30th, 2019 at 9.214600
The intermediate term trend has been UP since Jan 8th, 2020 at 9.290216
The short term trend has been UP since Jan 2nd, 2020 at 9.214058
Smart Scan Analysis for SDRDKK
Based on a pre-defined weighted trend formula for chart analysis, SDRDKK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).