Forex Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
US Dollar/Icelandic Krona (FOREX:USDISK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 USDISK
The long term trend has been UP since May 4th, 2018 at 102.57
The intermediate term trend has been DOWN since Feb 14th, 2019 at 119.15
The short term trend has been UP since Feb 19th, 2019 at 120.31
Smart Scan Analysis for USDISK
Based on a pre-defined weighted trend formula for chart analysis, USDISK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).