Forex Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
Special Drawing Right/Danish Krone (FOREX:SDRDKK)
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 SDRDKK
The long term trend has been UP since Oct 28th, 2018 at 9.1132
The intermediate term trend has been UP since Jan 22nd, 2019 at 9.1555
The short term trend has been DOWN since Feb 18th, 2019 at 9.1701
Smart Scan Analysis for SDRDKK
Based on a pre-defined weighted trend formula for chart analysis, SDRDKK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).