Forex Trend Analysis Report
Prepared for you on Sunday, May 26, 2019.
/Danish Krone (FOREX:ZMWDKK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 ZMWDKK
The long term trend has been DOWN since Sep 17th, 2018 at 0.6116
The intermediate term trend has been DOWN since Feb 28th, 2019 at 0.5473
The short term trend has been UP since May 23rd, 2019 at 0.4863
Smart Scan Analysis for ZMWDKK
Based on a pre-defined weighted trend formula for chart analysis, ZMWDKK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).