Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
US Dollar/Icelandic Krona (FOREX:USDISK)
Weak Downtrend (-65) - USDISK is showing signs of a strengthening downtrend. Monitor USDISK as it may be building momentum to the downside.
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 UP since Feb 5th, 2020 at 125.25
The intermediate-term trend has been DOWN since May 18th, 2020 at 144.72
The short-term trend has been DOWN since May 8th, 2020 at 146.02
Smart Scan Analysis for USDISK
Based on our trend formula, USDISK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).