Forex Trend Analysis Report
Prepared for you on Saturday, August 17, 2019.
Danish Krone/Norwegian Krone (FOREX:DKKNOK)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend 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 DKKNOK
The long term trend has been UP since Aug 2nd, 2019 at 1.32260
The intermediate term trend has been UP since Jul 30th, 2019 at 1.30235
The short term trend has been UP since Aug 15th, 2019 at 1.34395
Smart Scan Analysis for DKKNOK
Based on a pre-defined weighted trend formula for chart analysis, DKKNOK scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).