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.
MarketClub’s Trade Triangles for MXNISK
The long term trend has been DOWN since May 7th, 2018 at 5.26765
The intermediate term trend has been DOWN since Jun 5th, 2018 at 5.20470
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).