Forex Trend Analysis Report
Prepared for you on Thursday, May 23, 2019.
Australian Dollar/Icelandic Krona (FOREX:AUDISK)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend 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 UP since Jun 4th, 2018 at 80.35865
The intermediate term trend has been DOWN since May 6th, 2019 at 85.11950
The short term trend has been UP since May 20th, 2019 at 85.03850
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).