Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2017.
Icelandic Krona/Norwegian Krone (FOREX:ISKNOK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 UP since Feb 24th, 2017 at 0.077000
The intermediate term trend has been DOWN since Mar 22nd, 2017 at 0.076494
The short term trend has been UP since Mar 28th, 2017 at 0.077500
Smart Scan Analysis for ISKNOK
Based on a pre-defined weighted trend formula for chart analysis, ISKNOK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).