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.
MarketClub’s Trade Triangles for BMDDKK
The long term trend has been UP since May 1st, 2018 at 6.17600
The intermediate term trend has been UP since Jul 16th, 2019 at 6.65895
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).