Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
Brunei Dollar/Danish Krone (FOREX:BNDDKK)
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 BNDDKK
The long term trend has been UP since Nov 29th, 2018 at 6.0504
The intermediate term trend has been DOWN since Feb 4th, 2019 at 6.2405
The short term trend has been DOWN since Feb 18th, 2019 at 4.8756
Smart Scan Analysis for BNDDKK
Based on a pre-defined weighted trend formula for chart analysis, BNDDKK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).