Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Danish Krone/Chinese Yuan Renminbi (FOREX:DKKCNY)
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 DKKCNY
The long term trend has been UP since Jun 3rd, 2019 at 1.03695
The intermediate term trend has been DOWN since Sep 12th, 2019 at 1.04420
The short term trend has been DOWN since Sep 6th, 2019 at 1.05210
Smart Scan Analysis for DKKCNY
Based on a pre-defined weighted trend formula for chart analysis, DKKCNY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).