Forex Trend Analysis Report
Prepared for you on Wednesday, June 19, 2019.
Romanian Leu/Danish Krone (FOREX:RONDKK)
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 RONDKK
The long term trend has been UP since Jun 3rd, 2019 at 1.5756
The intermediate term trend has been UP since May 30th, 2019 at 1.5706
The short term trend has been DOWN since Jun 11th, 2019 at 1.5801
Smart Scan Analysis for RONDKK
Based on a pre-defined weighted trend formula for chart analysis, RONDKK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).