Forex Trend Analysis Report
Prepared for you on Tuesday, May 21, 2019.
Danish Krone/British Pound (FOREX:DKKGBP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 DKKGBP
The long term trend has been DOWN since Jan 24th, 2019 at 0.116030
The intermediate term trend has been UP since May 14th, 2019 at 0.116275
The short term trend has been DOWN since May 21st, 2019 at 0.116960
Smart Scan Analysis for DKKGBP
Based on a pre-defined weighted trend formula for chart analysis, DKKGBP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).