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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2019.

Danish Krone/New Zealand Dollar (FOREX:DKKNZD)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.

FOREX_DKKNZD
Open High Low DKKNZD Price Change
0.229630 0.230325 0.229455 0.230315 +0.000685
Entry Signal

MarketClub’s Trade Triangles for DKKNZD

long term up The long term trend has been UP since May 6th, 2019 at 0.227085

intermediate term up The intermediate term trend has been UP since Jun 11th, 2019 at 0.230290

short term down The short term trend has been DOWN since Jun 18th, 2019 at 0.230530

Smart Scan Analysis for DKKNZD

Based on a pre-defined weighted trend formula for chart analysis, DKKNZD scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for DKKNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.229630 0.230325 0.229455 0.230315 +0.000685
Prev. Close Volume Bid Ask Time
0.229630 0.230270 0.230360 2019-06-19 11:51:45
Want to analyze Danish Krone/New Zealand Dollar DKKNZD or another symbol? Try our Free Forex Trend Analysis Report.