Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Icelandic Krona/Danish Krone (FOREX:ISKDKK)
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 ISKDKK
The long term trend has been UP since Sep 27th, 2019 at 0.05544900
The intermediate term trend has been DOWN since Dec 12th, 2019 at 0.05482202
The short term trend has been UP since Jan 12th, 2020 at 0.05451879
Smart Scan Analysis for ISKDKK
Based on a pre-defined weighted trend formula for chart analysis, ISKDKK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).