Forex Trend Analysis Report
Prepared for you on Thursday, January 23, 2020.
US Dollar/Icelandic Krona (FOREX:USDISK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 USDISK
The long term trend has been DOWN since Nov 29th, 2019 at 121.17
The intermediate term trend has been UP since Jan 8th, 2020 at 123.47
The short term trend has been UP since Jan 17th, 2020 at 123.51
Smart Scan Analysis for USDISK
Based on a pre-defined weighted trend formula for chart analysis, USDISK scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).