Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Seychelles Rupee/Danish Krone (FOREX:SCRDKK)
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 SCRDKK
The long term trend has been UP since May 8th, 2018 at 0.46890
The intermediate term trend has been UP since Feb 12th, 2019 at 0.48565
The short term trend has been DOWN since Feb 19th, 2019 at 0.48380
Smart Scan Analysis for SCRDKK
Based on a pre-defined weighted trend formula for chart analysis, SCRDKK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).