Analyze Symbol

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.

FOREX_CHFDKK
Open High Low CHFDKK Price Change
6.791900 6.800700 6.787794 6.795900 +0.004000
Entry Signal

MarketClub’s Trade Triangles for CHFDKK

long term up The long term trend has been UP since Jun 3rd, 2019 at 6.7072

intermediate term down The intermediate term trend has been DOWN since Oct 11th, 2019 at 6.7778

short term down 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).

-60
Smart Scan Analysis for CHFDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.791900 6.800700 6.787794 6.795900 +0.004000
Prev. Close Volume Bid Ask Time
6.791900 6.795300 6.796500 2019-10-21 03:34:46
Want to analyze Swiss Franc/Danish Krone CHFDKK or another symbol? Try our Free Forex Trend Analysis Report.