Forex Trend Analysis Report
Prepared for you on Thursday, December 13, 2018.
Icelandic Krona/Norwegian Krone (FOREX:ISKNOK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 ISKNOK
The long term trend has been DOWN since Jun 7th, 2018 at 0.07645
The intermediate term trend has been UP since Dec 6th, 2018 at 0.06995
The short term trend has been UP since Nov 30th, 2018 at 0.06910
Smart Scan Analysis for ISKNOK
Based on a pre-defined weighted trend formula for chart analysis, ISKNOK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).