Forex Trend Analysis Report
Prepared for you on Wednesday, September 19, 2018.
Mexican Peso/Icelandic Krona (FOREX:MXNISK)
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 MXNISK
The long term trend has been UP since Jul 6th, 2018 at 5.56735
The intermediate term trend has been UP since Sep 7th, 2018 at 5.81165
The short term trend has been DOWN since Sep 14th, 2018 at 5.86175
Smart Scan Analysis for MXNISK
Based on a pre-defined weighted trend formula for chart analysis, MXNISK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).