Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
East Caribbean Dollar/Danish Krone (FOREX:XCDDKK)
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 XCDDKK
The long term trend has been UP since May 1st, 2018 at 2.2874
The intermediate term trend has been UP since Jul 16th, 2019 at 2.4639
The short term trend has been DOWN since Sep 12th, 2019 at 2.4941
Smart Scan Analysis for XCDDKK
Based on a pre-defined weighted trend formula for chart analysis, XCDDKK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).