Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
/Danish Krone (FOREX:RONDKK)
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.
MarketClub’s Trade Triangles for RONDKK
The long term trend has been DOWN since Jun 21st, 2018 at 1.59255
The intermediate term trend has been DOWN since Dec 31st, 2018 at 1.60005
The short term trend has been DOWN since Feb 19th, 2019 at 1.57140
Smart Scan Analysis for RONDKK
Based on a pre-defined weighted trend formula for chart analysis, RONDKK scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).