Forex Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
Swiss Franc/Icelandic Krona (FOREX:CHFISK)
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 CHFISK
The long term trend has been UP since Jun 8th, 2018 at 107.825
The intermediate term trend has been DOWN since Feb 4th, 2019 at 119.985
The short term trend has been DOWN since Feb 13th, 2019 at 119.385
Smart Scan Analysis for CHFISK
Based on a pre-defined weighted trend formula for chart analysis, CHFISK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).