Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
United Arab Emirates Dirham/Danish Krone (FOREX:AEDDKK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 AEDDKK
The long term trend has been UP since May 2nd, 2018 at 1.68085
The intermediate term trend has been UP since Jan 24th, 2019 at 1.79695
The short term trend has been DOWN since Feb 13th, 2019 at 1.79160
Smart Scan Analysis for AEDDKK
Based on a pre-defined weighted trend formula for chart analysis, AEDDKK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).