Forex Trend Analysis Report
Prepared for you on Saturday, March 23, 2019.
Chinese Renminbi Yuan/Icelandic Krona (FOREX:CNYISK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 CNYISK
The long term trend has been UP since Oct 10th, 2018 at 16.8230
The intermediate term trend has been DOWN since Mar 15th, 2019 at 17.5465
The short term trend has been UP since Mar 21st, 2019 at 17.5245
Smart Scan Analysis for CNYISK
Based on a pre-defined weighted trend formula for chart analysis, CNYISK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).