Forex Trend Analysis Report
Prepared for you on Saturday, April 20, 2019.
Danish Krone/Malaysian Ringt (FOREX:DKKMYR)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 DKKMYR
The long term trend has been DOWN since Dec 4th, 2018 at 0.629070
The intermediate term trend has been UP since Apr 11th, 2019 at 0.622815
The short term trend has been DOWN since Apr 16th, 2019 at 0.622570
Smart Scan Analysis for DKKMYR
Based on a pre-defined weighted trend formula for chart analysis, DKKMYR scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).