Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
Danish Krone/New Taiwan Dollar (FOREX:DKKTWD)
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 DKKTWD
The long term trend has been DOWN since Nov 1st, 2018 at 4.7055
The intermediate term trend has been DOWN since Feb 6th, 2019 at 4.7025
The short term trend has been UP since Feb 18th, 2019 at 4.6636
Smart Scan Analysis for DKKTWD
Based on a pre-defined weighted trend formula for chart analysis, DKKTWD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).