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.
MarketClub’s Trade Triangles for USDDKK
The long term trend has been UP since May 1st, 2018 at 6.175650
The intermediate term trend has been DOWN since Dec 4th, 2019 at 6.734700
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).