Forex Trend Analysis Report
Prepared for you on Sunday, March 24, 2019.
Danish Krone/Chinese Renminbi Yuan (FOREX:DKKCNY)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 DOWN since Dec 3rd, 2018 at 1.04650
The intermediate term trend has been UP since Mar 20th, 2019 at 1.02465
The short term trend has been DOWN since Mar 20th, 2019 at 1.01870
Smart Scan Analysis for DKKCNY
Based on a pre-defined weighted trend formula for chart analysis, DKKCNY scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).