Forex Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
Chinese Renminbi Yuan/Icelandic Krona (FOREX:CNYISK)
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 CNYISK
The long term trend has been UP since May 15th, 2018 at 16.2543
The intermediate term trend has been DOWN since Jun 27th, 2018 at 16.2454
The short term trend has been DOWN since Jul 11th, 2018 at 16.0175
Smart Scan Analysis for CNYISK
Based on a pre-defined weighted trend formula for chart analysis, CNYISK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).