Forex Trend Analysis Report
Prepared for you on Tuesday, September 17, 2019.
Kuwaiti Dinar/Danish Krone (FOREX:KWDDKK)
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 KWDDKK
The long term trend has been UP since May 1st, 2018 at 20.51665
The intermediate term trend has been UP since Jul 23rd, 2019 at 21.91350
The short term trend has been DOWN since Sep 12th, 2019 at 22.17950
Smart Scan Analysis for KWDDKK
Based on a pre-defined weighted trend formula for chart analysis, KWDDKK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).