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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.

Open High Low DKKISK Price Change
18.456 18.472 18.433 18.436 -0.020
Entry Signal

MarketClub’s Trade Triangles for DKKISK

long term up The long term trend has been UP since May 22nd, 2019 at 18.5415

intermediate term down The intermediate term trend has been DOWN since Jul 17th, 2019 at 18.9480

short term up 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).

Smart Scan Analysis for DKKISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
18.456 18.472 18.433 18.436 -0.020
Prev. Close Volume Bid Ask Time
18.456 18.389 18.483 2019-08-16 14:17:57
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