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Forex Trend Analysis Report

Prepared for you on Wednesday, August 21, 2019.

Gambian Dalasi/Danish Krone (FOREX:GMDDKK)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.

Open High Low GMDDKK Price Change
0.13415 0.13420 0.13410 0.13410 -0.00005
Entry Signal

MarketClub’s Trade Triangles for GMDDKK

long term up The long term trend has been UP since Mar 7th, 2019 at 0.13385

intermediate term down The intermediate term trend has been DOWN since Aug 7th, 2019 at 0.13290

short term up The short term trend has been UP since Aug 13th, 2019 at 0.13325

Smart Scan Analysis for GMDDKK

Based on a pre-defined weighted trend formula for chart analysis, GMDDKK scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

Smart Scan Analysis for GMDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.13415 0.13420 0.13410 0.13410 -0.00005
Prev. Close Volume Bid Ask Time
0.13415 0.13280 0.13540 2019-08-21 05:33:31
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