Forex Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
Icelandic Krona/Euro (FOREX:ISKEUR)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 ISKEUR
The long term trend has been UP since Sep 20th, 2019 at 0.00723100
The intermediate term trend has been DOWN since Jan 7th, 2020 at 0.00732606
The short term trend has been DOWN since Jan 2nd, 2020 at 0.00742948
Smart Scan Analysis for ISKEUR
Based on a pre-defined weighted trend formula for chart analysis, ISKEUR scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).