Forex Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
Icelandic Krona/Canadian Dollar (FOREX:ISKCAD)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 ISKCAD
The long term trend has been UP since Dec 4th, 2019 at 0.01083903
The intermediate term trend has been DOWN since Jan 7th, 2020 at 0.01065312
The short term trend has been DOWN since Jan 2nd, 2020 at 0.01087557
Smart Scan Analysis for ISKCAD
Based on a pre-defined weighted trend formula for chart analysis, ISKCAD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).