Forex Trend Analysis Report
Prepared for you on Saturday, February 16, 2019.
CFA Franc BEAC/Danish Krone (FOREX:XAFDKK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 XAFDKK
The long term trend has been UP since Oct 19th, 2018 at 0.01165
The intermediate term trend has been UP since Jan 2nd, 2019 at 0.01140
The short term trend has been UP since Feb 7th, 2019 at 0.01140
Smart Scan Analysis for XAFDKK
Based on a pre-defined weighted trend formula for chart analysis, XAFDKK scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).