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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.

FOREX_DKKNOK
Open High Low DKKNOK Price Change
1.3579442 1.3585145 1.3503019 1.3508091 -0.0071350
Entry Signal

MarketClub’s Trade Triangles for DKKNOK

long term up The long term trend has been UP since Aug 2nd, 2019 at 1.3226000

intermediate term up The intermediate term trend has been UP since Dec 3rd, 2019 at 1.3612393

short term down 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).

+55
Smart Scan Analysis for DKKNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.3579442 1.3585145 1.3503019 1.3508091 -0.0071350
Prev. Close Volume Bid Ask Time
1.3579442 1.3505445 1.3510737 2019-12-06 13:20:44
Want to analyze Danish Krone/Norwegian Krone DKKNOK or another symbol? Try our Free Forex Trend Analysis Report.