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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2020.

US Dollar/Danish Krone (FOREX:USDDKK)

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.

FOREX_USDDKK
Open High Low USDDKK Price Change
6.73446 6.74552 6.73080 6.74157 +0.00711
Entry Signal

MarketClub’s Trade Triangles for USDDKK

long term down The long term trend has been DOWN since Dec 12th, 2019 at 6.68327

intermediate term up The intermediate term trend has been UP since Jan 20th, 2020 at 6.74135

short term up The short term trend has been UP since Jan 17th, 2020 at 6.72966

Smart Scan Analysis for USDDKK

Based on a pre-defined weighted trend formula for chart analysis, USDDKK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+60
Smart Scan Analysis for USDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.73446 6.74552 6.73080 6.74157 +0.00711
Prev. Close Volume Bid Ask Time
6.73446 6.74132 6.74182 2020-01-20 12:55:03
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