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Forex Trend Analysis Report

Prepared for you on Sunday, August 18, 2019.

Danish Krone/Special Drawing Right (FOREX:DKKSDR)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_DKKSDR
Open High Low DKKSDR Price Change
0.10911 0.10911 0.10911 0.10911 0.00000
Entry Signal

MarketClub’s Trade Triangles for DKKSDR

long term down The long term trend has been DOWN since Aug 1st, 2019 at 0.10812

intermediate term up The intermediate term trend has been UP since Aug 11th, 2019 at 0.10898

short term up The short term trend has been UP since Aug 5th, 2019 at 0.10853

Smart Scan Analysis for DKKSDR

Based on a pre-defined weighted trend formula for chart analysis, DKKSDR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for DKKSDR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10911 0.10911 0.10911 0.10911 0.00000
Prev. Close Volume Bid Ask Time
0.10911 0.10911 0.10911 2019-08-11 20:07:54
Want to analyze Danish Krone/Special Drawing Right DKKSDR or another symbol? Try our Free Forex Trend Analysis Report.