Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Australian Dollar/Icelandic Krona (FOREX:AUDISK)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 AUDISK
The long term trend has been UP since Jun 4th, 2018 at 80.35865
The intermediate term trend has been UP since May 28th, 2019 at 85.87400
The short term trend has been DOWN since Jul 18th, 2019 at 88.24600
Smart Scan Analysis for AUDISK
Based on a pre-defined weighted trend formula for chart analysis, AUDISK scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).