Forex Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
Mauritius Rupee/Icelandic Krona (FOREX:MURISK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 MURISK
The long term trend has been DOWN since Mar 18th, 2019 at 3.37200
The intermediate term trend has been DOWN since Sep 16th, 2019 at 3.43515
The short term trend has been UP since Sep 20th, 2019 at 3.43805
Smart Scan Analysis for MURISK
Based on a pre-defined weighted trend formula for chart analysis, MURISK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).