Forex Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
Swiss Franc/Danish Krone (FOREX:CHFDKK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 CHFDKK
The long term trend has been UP since Jun 3rd, 2019 at 6.7072
The intermediate term trend has been UP since May 12th, 2019 at 6.5799
The short term trend has been DOWN since Aug 19th, 2019 at 6.8556
Smart Scan Analysis for CHFDKK
Based on a pre-defined weighted trend formula for chart analysis, CHFDKK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).