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Forex Trend Analysis Report

Prepared for you on Thursday, August 22, 2019.

/Danish Krone (FOREX:ZMWDKK)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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.

FOREX_ZMWDKK
Open High Low ZMWDKK Price Change
0.51215 0.51365 0.51080 0.51280 +0.00065
Entry Signal

MarketClub’s Trade Triangles for ZMWDKK

long term down The long term trend has been DOWN since Sep 17th, 2018 at 0.6116

intermediate term down The intermediate term trend has been DOWN since Aug 7th, 2019 at 0.5144

short term down The short term trend has been DOWN since Aug 21st, 2019 at 0.5132

Smart Scan Analysis for ZMWDKK

Based on a pre-defined weighted trend formula for chart analysis, ZMWDKK scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for ZMWDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.51215 0.51365 0.51080 0.51280 +0.00065
Prev. Close Volume Bid Ask Time
0.51215 0.51240 0.51320 2019-08-22 12:02:51
Want to analyze /Danish Krone ZMWDKK or another symbol? Try our Free Forex Trend Analysis Report.