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Forex Trend Analysis Report

Prepared for you on Thursday, January 23, 2020.

Danish Krone/Swedish Krona (FOREX:DKKSEK)

Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.

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_DKKSEK
Open High Low DKKSEK Price Change
1.410295 1.411500 1.409395 1.409915 -0.000380
Entry Signal

MarketClub’s Trade Triangles for DKKSEK

long term down The long term trend has been DOWN since Nov 7th, 2019 at 1.422195

intermediate term up The intermediate term trend has been UP since Jan 6th, 2020 at 1.410400

short term down The short term trend has been DOWN since Jan 22nd, 2020 at 1.411085

Smart Scan Analysis for DKKSEK

Based on a pre-defined weighted trend formula for chart analysis, DKKSEK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for DKKSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.410295 1.411500 1.409395 1.409915 -0.000380
Prev. Close Volume Bid Ask Time
1.410295 1.409640 1.410190 2020-01-23 10:16:03
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