Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
Icelandic Krona/Swiss Franc (FOREX:ISKCHF)
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 ISKCHF
The long term trend has been UP since Oct 26th, 2017 at 0.009426
The intermediate term trend has been DOWN since Nov 22nd, 2017 at 0.009390
The short term trend has been DOWN since Dec 1st, 2017 at 0.009462
Smart Scan Analysis for ISKCHF
Based on a pre-defined weighted trend formula for chart analysis, ISKCHF scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).