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.
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 Jun 11th, 2019 at 0.230290
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).