Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
Chinese Renminbi Yuan/Danish Krone (FOREX:CNYDKK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 CNYDKK
The long term trend has been UP since Dec 3rd, 2018 at 0.955535
The intermediate term trend has been UP since Jan 2nd, 2019 at 0.959630
The short term trend has been DOWN since Feb 11th, 2019 at 0.973810
Smart Scan Analysis for CNYDKK
Based on a pre-defined weighted trend formula for chart analysis, CNYDKK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).