Forex Trend Analysis Report
Prepared for you on Sunday, December 16, 2018.
Mexican Peso/Icelandic Krona (FOREX:MXNISK)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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.
MarketClub’s Trade Triangles for MXNISK
The long term trend has been UP since Jul 6th, 2018 at 5.56735
The intermediate term trend has been DOWN since Dec 4th, 2018 at 6.02125
The short term trend has been DOWN since Dec 14th, 2018 at 6.05520
Smart Scan Analysis for MXNISK
Based on a pre-defined weighted trend formula for chart analysis, MXNISK scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).