Forex Trend Analysis Report
Prepared for you on Wednesday, September 18, 2019.
Australian Dollar/Icelandic Krona (FOREX:AUDISK)
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 AUDISK
The long term trend has been DOWN since Jul 26th, 2019 at 84.2945
The intermediate term trend has been UP since Aug 21st, 2019 at 84.6710
The short term trend has been DOWN since Sep 12th, 2019 at 86.0440
Smart Scan Analysis for AUDISK
Based on a pre-defined weighted trend formula for chart analysis, AUDISK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).