Forex Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
/Icelandic Krona (FOREX:GHSISK)
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 GHSISK
The long term trend has been DOWN since Feb 7th, 2019 at 23.6175
The intermediate term trend has been UP since Aug 19th, 2019 at 22.9575
The short term trend has been UP since Aug 8th, 2019 at 22.6970
Smart Scan Analysis for GHSISK
Based on a pre-defined weighted trend formula for chart analysis, GHSISK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).