Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Icelandic Krona/Danish Krone (FOREX:ISKDKK)
Sidelines Mode (+50) - ISKDKK is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until ISKDKK can gain momentum.
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 DOWN since Feb 19th, 2020 at 0.05411428
The intermediate-term trend has been UP since May 18th, 2020 at 0.04707979
The short-term trend has been UP since May 6th, 2020 at 0.04682055
Smart Scan Analysis for ISKDKK
Based on our trend formula, ISKDKK is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).