Forex Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
/Icelandic Krona (FOREX:XDRISK)
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 XDRISK
The long term trend has been DOWN since Aug 7th, 2019 at 169.00
The intermediate term trend has been UP since Jan 7th, 2020 at 168.80
The short term trend has been UP since Jan 2nd, 2020 at 167.33
Smart Scan Analysis for XDRISK
Based on a pre-defined weighted trend formula for chart analysis, XDRISK scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).