Forex Trend Analysis Report
Prepared for you on Tuesday, February 20, 2018.
Euro/Icelandic Krona (FOREX:EURISK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 EURISK
The long term trend has been UP since Jan 17th, 2018 at 125.88925
The intermediate term trend has been DOWN since Jan 30th, 2018 at 124.66070
The short term trend has been DOWN since Feb 14th, 2018 at 125.16120
Smart Scan Analysis for EURISK
Based on a pre-defined weighted trend formula for chart analysis, EURISK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).