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.
MarketClub’s Trade Triangles for ISKCHF
The long term trend has been DOWN since Jun 8th, 2018 at 0.009265
The intermediate term trend has been DOWN since Oct 9th, 2018 at 0.008633
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).