Forex Trend Analysis Report
Prepared for you on Sunday, January 21, 2018.
Swiss Franc/Icelandic Krona (FOREX:CHFISK)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 DOWN since Oct 26th, 2017 at 106.10000
The intermediate term trend has been UP since Nov 22nd, 2017 at 106.50010
The short term trend has been UP since Jan 16th, 2018 at 106.71075
Smart Scan Analysis for CHFISK
Based on a pre-defined weighted trend formula for chart analysis, CHFISK scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).