Forex Trend Analysis Report
Prepared for you on Saturday, August 18, 2018.
Saudi Arabian Riyal/Icelandic Krona (FOREX:SARISK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 SARISK
The long term trend has been UP since May 4th, 2018 at 27.3373
The intermediate term trend has been UP since Aug 9th, 2018 at 28.6520
The short term trend has been DOWN since Aug 16th, 2018 at 28.9340
Smart Scan Analysis for SARISK
Based on a pre-defined weighted trend formula for chart analysis, SARISK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).