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Forex Trend Analysis Report

Prepared for you on Saturday, December 7, 2019.

US Dollar/Danish Krone (FOREX:USDDKK)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.

FOREX_USDDKK
Open High Low USDDKK Price Change
6.7557 6.7557 6.7557 6.7557 0.0000
Entry Signal

MarketClub’s Trade Triangles for USDDKK

long term up The long term trend has been UP since May 1st, 2018 at 6.175650

intermediate term down The intermediate term trend has been DOWN since Dec 4th, 2019 at 6.734700

short term down The short term trend has been DOWN since Dec 6th, 2019 at 6.725685

Smart Scan Analysis for USDDKK

Based on a pre-defined weighted trend formula for chart analysis, USDDKK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for USDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.7557 6.7557 6.7557 6.7557 0.0000
Prev. Close Volume Bid Ask Time
6.7557 6.7551 6.7563 2019-12-07 06:39:59
Want to analyze US Dollar/Danish Krone USDDKK or another symbol? Try our Free Forex Trend Analysis Report.