Forex Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Danish Krone/Hong Kong Dollar (FOREX:DKKHKD)
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 DKKHKD
The long term trend has been DOWN since May 1st, 2018 at 1.270785
The intermediate term trend has been DOWN since Aug 29th, 2019 at 1.162450
The short term trend has been UP since Oct 10th, 2019 at 1.155150
Smart Scan Analysis for DKKHKD
Based on a pre-defined weighted trend formula for chart analysis, DKKHKD scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).