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Forex Trend Analysis Report

Prepared for you on Sunday, October 21, 2018.

Icelandic Krona/Swiss Franc (FOREX:ISKCHF)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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.

FOREX_ISKCHF
Open High Low ISKCHF Price Change
0.008462 0.008566 0.008444 0.008514 +0.000052
Entry Signal

MarketClub’s Trade Triangles for ISKCHF

long term down The long term trend has been DOWN since Jun 8th, 2018 at 0.009265

intermediate term down The intermediate term trend has been DOWN since Oct 9th, 2018 at 0.008633

short term up The short term trend has been UP since Oct 19th, 2018 at 0.008511

Smart Scan Analysis for ISKCHF

Based on a pre-defined weighted trend formula for chart analysis, ISKCHF scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for ISKCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.008462 0.008566 0.008444 0.008514 +0.000052
Prev. Close Volume Bid Ask Time
0.008462 0.008490 0.008537 2018-10-19 17:54:44
Want to analyze Icelandic Krona/Swiss Franc ISKCHF or another symbol? Try our Free Forex Trend Analysis Report.