Forex Trend Analysis Report
Prepared for you on Sunday, January 19, 2020.
Icelandic Krona/British Pound (FOREX:ISKGBP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 ISKGBP
The long term trend has been DOWN since Oct 17th, 2019 at 0.00630400
The intermediate term trend has been DOWN since Dec 8th, 2019 at 0.00626963
The short term trend has been UP since Jan 10th, 2020 at 0.00619241
Smart Scan Analysis for ISKGBP
Based on a pre-defined weighted trend formula for chart analysis, ISKGBP scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).