Forex Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
Japanese Yen/Icelandic Krona (FOREX:JPYISK)
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 JPYISK
The long term trend has been UP since May 31st, 2018 at 0.9306
The intermediate term trend has been UP since Sep 7th, 2018 at 0.9597
The short term trend has been UP since Aug 28th, 2018 at 0.9563
Smart Scan Analysis for JPYISK
Based on a pre-defined weighted trend formula for chart analysis, JPYISK scored +80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).