Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
Icelandic Krona/Euro (FOREX:ISKEUR)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 DOWN since May 23rd, 2019 at 0.007262
The intermediate term trend has been UP since Jul 18th, 2019 at 0.007057
The short term trend has been UP since Aug 14th, 2019 at 0.007087
Smart Scan Analysis for ISKEUR
Based on a pre-defined weighted trend formula for chart analysis, ISKEUR scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).