Forex Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
Danish Krone/New Zealand Dollar (FOREX:DKKNZD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.
MarketClub’s Trade Triangles for DKKNZD
The long term trend has been UP since May 6th, 2019 at 0.227085
The intermediate term trend has been UP since Apr 5th, 2019 at 0.222875
The short term trend has been DOWN since May 19th, 2019 at 0.228130
Smart Scan Analysis for DKKNZD
Based on a pre-defined weighted trend formula for chart analysis, DKKNZD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).