Forex Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
Japanese Yen/Icelandic Krona (FOREX:JPYISK)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 JPYISK
The long term trend has been DOWN since Oct 28th, 2019 at 1.1488
The intermediate term trend has been UP since Jan 7th, 2020 at 1.1201
The short term trend has been UP since Jan 2nd, 2020 at 1.1181
Smart Scan Analysis for JPYISK
Based on a pre-defined weighted trend formula for chart analysis, JPYISK scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).