Forex Trend Analysis Report
Prepared for you on Sunday, October 1, 2023.
US Dollar/Icelandic Krona (FOREX:USDISK)
Sidelines Mode (-55) - USDISK 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 USDISK?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDISK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDISK
The long-term trend has been DOWN since Feb 1st, 2023 at 139.76
The intermediate-term trend has been UP since Sep 4th, 2023 at 132.92
The short-term trend has been DOWN since Sep 29th, 2023 at 136.77
Smart Scan Analysis for USDISK
Based on our trend formula, USDISK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).