Forex Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
Icelandic Krona/Japanese Yen (FOREX:ISKJPY)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 ISKJPY
The long term trend has been UP since Oct 28th, 2019 at 0.8704810
The intermediate term trend has been DOWN since Jan 7th, 2020 at 0.8927852
The short term trend has been DOWN since Jan 2nd, 2020 at 0.8943822
Smart Scan Analysis for ISKJPY
Based on a pre-defined weighted trend formula for chart analysis, ISKJPY scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).