Forex Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
Danish Krone/Singapore Dollar (FOREX:DKKSGD)
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 DKKSGD
The long term trend has been DOWN since Nov 9th, 2018 at 0.209355
The intermediate term trend has been DOWN since Jan 2nd, 2019 at 0.207890
The short term trend has been UP since Mar 12th, 2019 at 0.205040
Smart Scan Analysis for DKKSGD
Based on a pre-defined weighted trend formula for chart analysis, DKKSGD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).