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Forex Trend Analysis Report

Prepared for you on Wednesday, June 20, 2018.

Mexican Peso/Icelandic Krona (FOREX:MXNISK)

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.

FOREX_MXNISK
Open High Low MXNISK Price Change
5.2654 5.3124 5.2471 5.3083 +0.0429
Entry Signal

MarketClub’s Trade Triangles for MXNISK

long term down The long term trend has been DOWN since May 7th, 2018 at 5.26765

intermediate term down The intermediate term trend has been DOWN since Jun 5th, 2018 at 5.20470

short term up The short term trend has been UP since Jun 18th, 2018 at 5.21940

Smart Scan Analysis for MXNISK

Based on a pre-defined weighted trend formula for chart analysis, MXNISK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-55
Smart Scan Analysis for MXNISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.2654 5.3124 5.2471 5.3083 +0.0429
Prev. Close Volume Bid Ask Time
5.2654 5.2898 5.3268 2018-06-20 07:40:55
Want to analyze Mexican Peso/Icelandic Krona MXNISK or another symbol? Try our Free Forex Trend Analysis Report.