Forex Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
New Zealand Dollar/Danish Krone (FOREX:NZDDKK)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.
MarketClub’s Trade Triangles for NZDDKK
The long term trend has been DOWN since May 6th, 2019 at 4.40340
The intermediate term trend has been DOWN since Apr 5th, 2019 at 4.48715
The short term trend has been DOWN since May 21st, 2019 at 4.35820
Smart Scan Analysis for NZDDKK
Based on a pre-defined weighted trend formula for chart analysis, NZDDKK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).