Forex Trend Analysis Report
Prepared for you on Friday, August 23, 2019.
/Icelandic Krona (FOREX:XDRISK)
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 XDRISK
The long term trend has been DOWN since Aug 7th, 2019 at 169.00
The intermediate term trend has been UP since Aug 14th, 2019 at 167.95
The short term trend has been DOWN since Aug 7th, 2019 at 173.77
Smart Scan Analysis for XDRISK
Based on a pre-defined weighted trend formula for chart analysis, XDRISK scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).