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Forex Trend Analysis Report

Prepared for you on Sunday, August 25, 2019.

Bermuda Dollar/Danish Krone (FOREX:BMDDKK)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.

FOREX_BMDDKK
Open High Low BMDDKK Price Change
6.73695 6.74635 6.69095 6.69475 -0.04220
Entry Signal

MarketClub’s Trade Triangles for BMDDKK

long term up The long term trend has been UP since May 1st, 2018 at 6.17600

intermediate term up The intermediate term trend has been UP since Jul 16th, 2019 at 6.65895

short term up The short term trend has been UP since Aug 23rd, 2019 at 6.73915

Smart Scan Analysis for BMDDKK

Based on a pre-defined weighted trend formula for chart analysis, BMDDKK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for BMDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.73695 6.74635 6.69095 6.69475 -0.04220
Prev. Close Volume Bid Ask Time
6.73695 6.69390 6.69560 2019-08-23 14:24:36
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