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Forex Trend Analysis Report

Prepared for you on Friday, August 23, 2019.

New Zealand Dollar/Danish Krone (FOREX:NZDDKK)

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_NZDDKK
Open High Low NZDDKK Price Change
4.30405 4.30700 4.30100 4.30350 -0.00055
Entry Signal

MarketClub’s Trade Triangles for NZDDKK

long term down The long term trend has been DOWN since May 6th, 2019 at 4.40340

intermediate term down The intermediate term trend has been DOWN since Aug 2nd, 2019 at 4.38740

short term down The short term trend has been DOWN since Aug 20th, 2019 at 4.30475

Smart Scan Analysis for NZDDKK

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

-90
Smart Scan Analysis for NZDDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.30405 4.30700 4.30100 4.30350 -0.00055
Prev. Close Volume Bid Ask Time
4.30405 4.30120 4.30580 2019-08-23 01:35:34
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