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Forex Trend Analysis Report

Prepared for you on Monday, February 17, 2020.

Euro/Danish Krone (FOREX:EURDKK)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.

FOREX_EURDKK
Open High Low EURDKK Price Change
7.470810 7.471185 7.470430 7.470830 +0.000020
Entry Signal

MarketClub’s Trade Triangles for EURDKK

long term up The long term trend has been UP since Jan 1st, 2020 at 7.555280

intermediate term down The intermediate term trend has been DOWN since Feb 14th, 2020 at 7.470150

short term down The short term trend has been DOWN since Feb 13th, 2020 at 7.470785

Smart Scan Analysis for EURDKK

Based on a pre-defined weighted trend formula for chart analysis, EURDKK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for EURDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.470810 7.471185 7.470430 7.470830 +0.000020
Prev. Close Volume Bid Ask Time
7.470810 7.470320 7.471340 2020-02-17 02:39:56
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