Forex Trend Analysis Report
Prepared for you on Friday, December 6, 2019.
Danish Krone/Norwegian Krone (FOREX:DKKNOK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 DKKNOK
The long term trend has been UP since Aug 2nd, 2019 at 1.3226000
The intermediate term trend has been UP since Dec 3rd, 2019 at 1.3612393
The short term trend has been DOWN since Dec 6th, 2019 at 1.3560980
Smart Scan Analysis for DKKNOK
Based on a pre-defined weighted trend formula for chart analysis, DKKNOK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).