Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
Chinese Renminbi Yuan/Danish Krone (FOREX:CNYDKK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Mar 20th, 2019 at 0.975925
The short term trend has been UP since Mar 20th, 2019 at 0.981685
Smart Scan Analysis for CNYDKK
Based on a pre-defined weighted trend formula for chart analysis, CNYDKK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).