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Forex Trend Analysis Report

Prepared for you on Monday, December 9, 2019.

Euro/Danish Krone (FOREX:EURDKK)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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.

FOREX_EURDKK
Open High Low EURDKK Price Change
7.471950 7.473650 7.471615 7.472750 +0.000800
Entry Signal

MarketClub’s Trade Triangles for EURDKK

long term down The long term trend has been DOWN since Aug 14th, 2019 at 7.458885

intermediate term down The intermediate term trend has been DOWN since Nov 25th, 2019 at 7.469735

short term down The short term trend has been DOWN since Dec 5th, 2019 at 7.470650

Smart Scan Analysis for EURDKK

Based on a pre-defined weighted trend formula for chart analysis, EURDKK scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-80
Smart Scan Analysis for EURDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.471950 7.473650 7.471615 7.472750 +0.000800
Prev. Close Volume Bid Ask Time
7.471950 7.472400 7.473100 2019-12-09 14:41:14
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