Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Danish Krone/Icelandic Krona (FOREX:DKKISK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 DKKISK
The long term trend has been UP since May 22nd, 2019 at 18.5415
The intermediate term trend has been DOWN since Jul 17th, 2019 at 18.9480
The short term trend has been UP since Aug 1st, 2019 at 18.2060
Smart Scan Analysis for DKKISK
Based on a pre-defined weighted trend formula for chart analysis, DKKISK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).