Forex Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
Turkish Lira/Danish Krone (FOREX:TRYDKK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 TRYDKK
The long term trend has been DOWN since Aug 25th, 2019 at 1.0612000
The intermediate term trend has been UP since Nov 7th, 2019 at 1.1787919
The short term trend has been UP since Nov 13th, 2019 at 1.1782710
Smart Scan Analysis for TRYDKK
Based on a pre-defined weighted trend formula for chart analysis, TRYDKK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).