Forex Trend Analysis Report
Prepared for you on Thursday, January 17, 2019.
Chinese Renminbi Yuan/Icelandic Krona (FOREX:CNYISK)
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 CNYISK
The long term trend has been UP since Oct 10th, 2018 at 16.823
The intermediate term trend has been UP since Jan 14th, 2019 at 17.831
The short term trend has been DOWN since Jan 17th, 2019 at 17.820
Smart Scan Analysis for CNYISK
Based on a pre-defined weighted trend formula for chart analysis, CNYISK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).