Forex Trend Analysis Report
Prepared for you on Wednesday, May 22, 2019.
Danish Krone/Singapore Dollar (FOREX:DKKSGD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DKKSGD
The long term trend has been DOWN since Nov 9th, 2018 at 0.209355
The intermediate term trend has been UP since May 9th, 2019 at 0.205315
The short term trend has been UP since May 9th, 2019 at 0.204650
Smart Scan Analysis for DKKSGD
Based on a pre-defined weighted trend formula for chart analysis, DKKSGD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).