Forex Trend Analysis Report
Prepared for you on Tuesday, February 19, 2019.
Mauritius Rupee/Icelandic Krona (FOREX:MURISK)
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 MURISK
The long term trend has been UP since Jun 4th, 2018 at 3.09500
The intermediate term trend has been DOWN since Feb 14th, 2019 at 3.47095
The short term trend has been DOWN since Feb 8th, 2019 at 3.49840
Smart Scan Analysis for MURISK
Based on a pre-defined weighted trend formula for chart analysis, MURISK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).