Forex Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
Euro/Danish Krone (FOREX:EURDKK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 EURDKK
The long term trend has been UP since Jul 9th, 2018 at 7.45545
The intermediate term trend has been UP since May 14th, 2019 at 7.47045
The short term trend has been DOWN since May 22nd, 2019 at 7.46740
Smart Scan Analysis for EURDKK
Based on a pre-defined weighted trend formula for chart analysis, EURDKK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).