Forex Trend Analysis Report
Prepared for you on Thursday, July 7, 2022.
Icelandic Krona/Danish Krone (FOREX:ISKDKK)
Sidelines Mode (-55) - ISKDKK 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 ISKDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for ISKDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ISKDKK
The long-term trend has been UP since Jan 23rd, 2022 at 0.05072072
The intermediate-term trend has been DOWN since Jun 6th, 2022 at 0.05389291
The short-term trend has been UP since Jul 5th, 2022 at 0.05335161
Smart Scan Analysis for ISKDKK
Based on our trend formula, ISKDKK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).