Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Danish Krone/Euro (FOREX:DKKEUR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 DKKEUR
The long term trend has been DOWN since May 19th, 2017 at 0.134305
The intermediate term trend has been UP since Feb 8th, 2019 at 0.134000
The short term trend has been DOWN since Feb 18th, 2019 at 0.133983
Smart Scan Analysis for DKKEUR
Based on a pre-defined weighted trend formula for chart analysis, DKKEUR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).