Forex Trend Analysis Report
Prepared for you on Monday, December 9, 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.
MarketClub’s Trade Triangles for DKKSDR
The long term trend has been DOWN since Aug 1st, 2019 at 0.10812000
The intermediate term trend has been UP since Dec 3rd, 2019 at 0.10777591
The short term trend has been UP since Dec 3rd, 2019 at 0.10727083
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).