Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
Danish Krone/United Arab Emirates Dirham (FOREX:DKKAED)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DKKAED
The long term trend has been DOWN since May 2nd, 2018 at 0.594925
The intermediate term trend has been DOWN since Jan 24th, 2019 at 0.556495
The short term trend has been DOWN since Feb 13th, 2019 at 0.554615
Smart Scan Analysis for DKKAED
Based on a pre-defined weighted trend formula for chart analysis, DKKAED scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).