Forex Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
Swiss Franc/Danish Krone (FOREX:CHFDKK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DOWN since Apr 23rd, 2019 at 6.5235
The intermediate term trend has been UP since May 12th, 2019 at 6.5799
The short term trend has been UP since May 10th, 2019 at 6.5650
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).