Forex Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
Icelandic Krona/Swiss Franc (FOREX:ISKCHF)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 ISKCHF
The long term trend has been DOWN since May 23rd, 2019 at 0.008094
The intermediate term trend has been DOWN since Aug 13th, 2019 at 0.007839
The short term trend has been DOWN since Aug 20th, 2019 at 0.007871
Smart Scan Analysis for ISKCHF
Based on a pre-defined weighted trend formula for chart analysis, ISKCHF scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).