Forex Trend Analysis Report
Prepared for you on Saturday, February 23, 2019.
Icelandic Krona/US Dollar (FOREX:ISKUSD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 ISKUSD
The long term trend has been DOWN since May 4th, 2018 at 0.009750
The intermediate term trend has been UP since Feb 14th, 2019 at 0.008391
The short term trend has been DOWN since Feb 19th, 2019 at 0.008312
Smart Scan Analysis for ISKUSD
Based on a pre-defined weighted trend formula for chart analysis, ISKUSD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).