Forex Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
Chinese Yuan Renminbi/Danish Krone (FOREX:CNYDKK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 CNYDKK
The long term trend has been UP since Dec 3rd, 2018 at 0.955535
The intermediate term trend has been DOWN since May 9th, 2019 at 0.981505
The short term trend has been DOWN since May 23rd, 2019 at 0.967055
Smart Scan Analysis for CNYDKK
Based on a pre-defined weighted trend formula for chart analysis, CNYDKK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).