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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2019.

Namibian Dollar/Danish Krone (FOREX:NADDKK)

Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.

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_NADDKK
Open High Low NADDKK Price Change
0.4651 0.4655 0.4639 0.4647 -0.0004
Entry Signal

MarketClub’s Trade Triangles for NADDKK

long term up The long term trend has been UP since Feb 11th, 2019 at 0.48270

intermediate term down The intermediate term trend has been DOWN since May 7th, 2019 at 0.46255

short term down The short term trend has been DOWN since May 21st, 2019 at 0.46435

Smart Scan Analysis for NADDKK

Based on a pre-defined weighted trend formula for chart analysis, NADDKK scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-50
Smart Scan Analysis for NADDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.4651 0.4655 0.4639 0.4647 -0.0004
Prev. Close Volume Bid Ask Time
0.4651 0.4640 0.4654 2019-05-21 14:03:20
Want to analyze Namibian Dollar/Danish Krone NADDKK or another symbol? Try our Free Forex Trend Analysis Report.