Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Danish Krone/Special Drawing Right (FOREX:DKKSDR)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 DKKSDR
The long term trend has been DOWN since Oct 28th, 2018 at 0.10973
The intermediate term trend has been DOWN since Jan 22nd, 2019 at 0.10922
The short term trend has been UP since Feb 18th, 2019 at 0.10905
Smart Scan Analysis for DKKSDR
Based on a pre-defined weighted trend formula for chart analysis, DKKSDR scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).