Forex Trend Analysis Report
Prepared for you on Monday, October 21, 2019.
Swiss Franc/Danish Krone (FOREX:CHFDKK)
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 CHFDKK
The long term trend has been UP since Jun 3rd, 2019 at 6.7072
The intermediate term trend has been DOWN since Oct 11th, 2019 at 6.7778
The short term trend has been DOWN since Oct 17th, 2019 at 6.7758
Smart Scan Analysis for CHFDKK
Based on a pre-defined weighted trend formula for chart analysis, CHFDKK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).