Forex Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
Turkish Lira/Danish Krone (FOREX:TRYDKK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 TRYDKK
The long term trend has been DOWN since Aug 25th, 2019 at 1.06120
The intermediate term trend has been DOWN since Aug 20th, 2019 at 1.18005
The short term trend has been UP since Sep 12th, 2019 at 1.18630
Smart Scan Analysis for TRYDKK
Based on a pre-defined weighted trend formula for chart analysis, TRYDKK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).