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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.

FOREX_MXNISK
Open High Low MXNISK Price Change
6.07020 6.11605 6.04985 6.07790 +0.00770
Entry Signal

MarketClub’s Trade Triangles for MXNISK

long term up The long term trend has been UP since Jul 6th, 2018 at 5.56735

intermediate term down The intermediate term trend has been DOWN since Dec 4th, 2018 at 6.02125

short term down 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).

-50
Smart Scan Analysis for MXNISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.07020 6.11605 6.04985 6.07790 +0.00770
Prev. Close Volume Bid Ask Time
6.07020 6.05860 6.09720 2018-12-14 13:07:00
Want to analyze Mexican Peso/Icelandic Krona MXNISK or another symbol? Try our Free Forex Trend Analysis Report.