Forex Trend Analysis Report
Prepared for you on Wednesday, December 6, 2023.
Euro/Icelandic Krona (FOREX:EURISK)
Bull Market Weakness (+75) - EURISK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURISK as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid EURISK?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURISK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURISK
The long-term trend has been UP since Nov 12th, 2023 at 147.40
The intermediate-term trend has been UP since Sep 22nd, 2023 at 143.80
The short-term trend has been UP since Nov 12th, 2023 at 147.35
Smart Scan Analysis for EURISK
Based on our trend formula, EURISK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).