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Forex Trend Analysis Report

Prepared for you on Monday, September 16, 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.

FOREX_CHFISK
Open High Low CHFISK Price Change
126.030 126.035 125.945 126.015 -0.015
Entry Signal

MarketClub’s Trade Triangles for CHFISK

long term up The long term trend has been UP since May 23rd, 2019 at 123.535

intermediate term down The intermediate term trend has been DOWN since Sep 12th, 2019 at 126.325

short term down The short term trend has been DOWN since Sep 6th, 2019 at 127.670

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).

-70
Smart Scan Analysis for CHFISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
126.030 126.035 125.945 126.015 -0.015
Prev. Close Volume Bid Ask Time
126.030 125.710 126.320 2019-09-16 02:39:48
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