Forex Trend Analysis Report
Prepared for you on Monday, March 25, 2019.
Icelandic Krona/British Pound (FOREX:ISKGBP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 ISKGBP
The long term trend has been DOWN since Sep 10th, 2018 at 0.006880
The intermediate term trend has been UP since Mar 18th, 2019 at 0.006448
The short term trend has been DOWN since Mar 22nd, 2019 at 0.006430
Smart Scan Analysis for ISKGBP
Based on a pre-defined weighted trend formula for chart analysis, ISKGBP scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).