Forex Trend Analysis Report
Prepared for you on Monday, March 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 positive trend to resume. Uptrend 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 UP since Nov 9th, 2017 at 0.00969
The intermediate term trend has been UP since Jan 2nd, 2018 at 0.00968
The short term trend has been DOWN since Mar 16th, 2018 at 0.01000
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).