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Forex Trend Analysis Report

Prepared for you on Saturday, September 21, 2019.

Canadian Dollar/Danish Krone (FOREX:CADDKK)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

Open High Low CADDKK Price Change
5.0909 5.1181 5.0850 5.1104 +0.0195
Entry Signal

MarketClub’s Trade Triangles for CADDKK

long term up The long term trend has been UP since Jun 20th, 2019 at 5.0086

intermediate term up The intermediate term trend has been UP since Aug 30th, 2019 at 5.0927

short term down The short term trend has been DOWN since Sep 12th, 2019 at 5.1206

Smart Scan Analysis for CADDKK

Based on a pre-defined weighted trend formula for chart analysis, CADDKK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for CADDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.0909 5.1181 5.0850 5.1104 +0.0195
Prev. Close Volume Bid Ask Time
5.0909 5.1089 5.1119 2019-09-20 17:44:18
Want to analyze Canadian Dollar/Danish Krone CADDKK or another symbol? Try our Free Forex Trend Analysis Report.