Forex Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
US Dollar/Danish Krone (FOREX:USDDKK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 USDDKK
The long term trend has been UP since May 1st, 2018 at 6.175650
The intermediate term trend has been UP since Jan 24th, 2019 at 6.599975
The short term trend has been DOWN since Mar 12th, 2019 at 6.619780
Smart Scan Analysis for USDDKK
Based on a pre-defined weighted trend formula for chart analysis, USDDKK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).