Forex Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Jamaican Dollar/Danish Krone (FOREX:JMDDKK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 JMDDKK
The long term trend has been UP since Mar 6th, 2019 at 0.05195
The intermediate term trend has been DOWN since Jul 15th, 2019 at 0.05010
The short term trend has been UP since Aug 1st, 2019 at 0.04970
Smart Scan Analysis for JMDDKK
Based on a pre-defined weighted trend formula for chart analysis, JMDDKK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).