Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2019.
Canadian Dollar/Danish Krone (FOREX:CADDKK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 CADDKK
The long term trend has been DOWN since Dec 20th, 2018 at 4.85115
The intermediate term trend has been UP since Mar 29th, 2019 at 4.96090
The short term trend has been UP since Apr 17th, 2019 at 4.96200
Smart Scan Analysis for CADDKK
Based on a pre-defined weighted trend formula for chart analysis, CADDKK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).