Forex Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
Icelandic Krona/US Dollar (FOREX:ISKUSD)
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 ISKUSD
The long term trend has been DOWN since May 4th, 2018 at 0.009750
The intermediate term trend has been UP since Dec 6th, 2018 at 0.008187
The short term trend has been DOWN since Dec 10th, 2018 at 0.008133
Smart Scan Analysis for ISKUSD
Based on a pre-defined weighted trend formula for chart analysis, ISKUSD scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).