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.
MarketClub’s Trade Triangles for NADDKK
The long term trend has been UP since Feb 11th, 2019 at 0.48270
The intermediate term trend has been DOWN since May 7th, 2019 at 0.46255
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).