Forex Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
Icelandic Krona/Swiss Franc (FOREX:ISKCHF)
Sidelines Mode (-55) - ISKCHF is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ISKCHF?
MarketClub looks at technical strength and momentum to determine if the timing is right for ISKCHF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ISKCHF
The long-term trend has been DOWN since Oct 11th, 2023 at 0.0065345
The intermediate-term trend has been DOWN since Sep 4th, 2023 at 0.0066225
The short-term trend has been UP since Dec 7th, 2023 at 0.0062940
Smart Scan Analysis for ISKCHF
Based on our trend formula, ISKCHF is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).