Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2017.
Australian Dollar/Icelandic Krona (FOREX:AUDISK)
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 AUDISK
The long term trend has been DOWN since Nov 8th, 2017 at 80.33060
The intermediate term trend has been DOWN since Sep 28th, 2017 at 83.17585
The short term trend has been DOWN since Dec 7th, 2017 at 78.61780
Smart Scan Analysis for AUDISK
Based on a pre-defined weighted trend formula for chart analysis, AUDISK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).