Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Icelandic Krona/US Dollar (FOREX:ISKUSD)
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 ISKUSD
The long term trend has been DOWN since May 4th, 2018 at 0.009750
The intermediate term trend has been DOWN since Sep 6th, 2018 at 0.009079
The short term trend has been UP since Sep 13th, 2018 at 0.008961
Smart Scan Analysis for ISKUSD
Based on a pre-defined weighted trend formula for chart analysis, ISKUSD scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).