Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
Chinese Renminbi Yuan/Icelandic Krona (FOREX:CNYISK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 DOWN since Mar 27th, 2018 at 15.57960
The intermediate term trend has been UP since Apr 4th, 2018 at 15.82965
The short term trend has been DOWN since Apr 24th, 2018 at 15.85650
Smart Scan Analysis for CNYISK
Based on a pre-defined weighted trend formula for chart analysis, CNYISK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).