Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
Danish Krone/Icelandic Krona (FOREX:DKKISK)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 DOWN since Sep 27th, 2019 at 18.034500
The intermediate term trend has been DOWN since Oct 29th, 2019 at 18.512954
The short term trend has been DOWN since Nov 20th, 2019 at 18.186806
Smart Scan Analysis for DKKISK
Based on a pre-defined weighted trend formula for chart analysis, DKKISK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).