Forex Trend Analysis Report
Prepared for you on Wednesday, January 18, 2017.
Icelandic Krona/Norwegian Krone (FOREX:ISKNOK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 Jan 11th, 2017 at 0.07420
The intermediate term trend has been DOWN since Jan 10th, 2017 at 0.07485
The short term trend has been UP since Jan 16th, 2017 at 0.07470
Smart Scan Analysis for ISKNOK
Based on a pre-defined weighted trend formula for chart analysis, ISKNOK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).