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.
MarketClub’s Trade Triangles for EURDKK
The long term trend has been DOWN since Aug 14th, 2019 at 7.458885
The intermediate term trend has been DOWN since Nov 25th, 2019 at 7.469735
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).