Forex Trend Analysis Report
Prepared for you on Tuesday, October 22, 2019.
Euro/Icelandic Krona (FOREX:EURISK)
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 EURISK
The long term trend has been DOWN since Sep 27th, 2019 at 134.670
The intermediate term trend has been UP since Oct 17th, 2019 at 137.345
The short term trend has been UP since Oct 17th, 2019 at 135.545
Smart Scan Analysis for EURISK
Based on a pre-defined weighted trend formula for chart analysis, EURISK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).