Forex Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
United Arab Emirates Dirham/Danish Krone (FOREX:AEDDKK)
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 AEDDKK
The long term trend has been UP since May 2nd, 2018 at 1.68085
The intermediate term trend has been DOWN since Oct 16th, 2019 at 1.84175
The short term trend has been DOWN since Oct 4th, 2019 at 1.85385
Smart Scan Analysis for AEDDKK
Based on a pre-defined weighted trend formula for chart analysis, AEDDKK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).