Forex Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
Mauritius Rupee/Danish Krone (FOREX:MURDKK)
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 MURDKK
The long term trend has been DOWN since May 16th, 2019 at 0.18905
The intermediate term trend has been UP since Aug 20th, 2019 at 0.18750
The short term trend has been UP since Aug 15th, 2019 at 0.18680
Smart Scan Analysis for MURDKK
Based on a pre-defined weighted trend formula for chart analysis, MURDKK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).