Forex Trend Analysis Report
Prepared for you on Monday, September 25, 2017.
Swiss Franc/Icelandic Krona (FOREX:CHFISK)
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 CHFISK
The long term trend has been UP since Aug 16th, 2017 at 112.3130
The intermediate term trend has been UP since Aug 16th, 2017 at 112.2254
The short term trend has been DOWN since Sep 25th, 2017 at 110.2900
Smart Scan Analysis for CHFISK
Based on a pre-defined weighted trend formula for chart analysis, CHFISK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).