Forex Trend Analysis Report
Prepared for you on Sunday, December 9, 2018.
Euro/Icelandic Krona (FOREX:EURISK)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 EURISK
The long term trend has been UP since Jun 6th, 2018 at 123.99575
The intermediate term trend has been UP since Aug 22nd, 2018 at 124.66000
The short term trend has been DOWN since Dec 7th, 2018 at 138.19000
Smart Scan Analysis for EURISK
Based on a pre-defined weighted trend formula for chart analysis, EURISK scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).