Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Swiss Franc/Danish Krone (FOREX:CHFDKK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 CHFDKK
The long term trend has been UP since May 29th, 2018 at 6.50040
The intermediate term trend has been DOWN since Jan 21st, 2019 at 6.58170
The short term trend has been UP since Feb 22nd, 2019 at 6.58155
Smart Scan Analysis for CHFDKK
Based on a pre-defined weighted trend formula for chart analysis, CHFDKK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).