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Forex Trend Analysis Report

Prepared for you on Monday, August 19, 2019.

Macedonian Denar/Danish Krone (FOREX:MKDDKK)

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_MKDDKK
Open High Low MKDDKK Price Change
0.1211 0.1212 0.1211 0.1212 +0.0001
Entry Signal

MarketClub’s Trade Triangles for MKDDKK

long term down The long term trend has been DOWN since Aug 5th, 2019 at 0.12060

intermediate term down The intermediate term trend has been DOWN since Jul 29th, 2019 at 0.12130

short term down The short term trend has been DOWN since Aug 16th, 2019 at 0.12115

Smart Scan Analysis for MKDDKK

Based on a pre-defined weighted trend formula for chart analysis, MKDDKK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for MKDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1211 0.1212 0.1211 0.1212 +0.0001
Prev. Close Volume Bid Ask Time
0.1211 0.1203 0.1221 2019-08-19 13:09:22
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