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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.

FOREX_USDISK
Open High Low USDISK Price Change
135.73 135.84 135.01 135.12 -0.61
Entry Signal

MarketClub’s Trade Triangles for USDISK

long term up The long-term trend has been UP since Feb 5th, 2020 at 125.25

intermediate term down The intermediate-term trend has been DOWN since May 18th, 2020 at 144.72

short term down 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).

-70
Smart Scan Analysis for USDISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
135.73 135.84 135.01 135.12 -0.61
Prev. Close Volume Bid Ask Time
135.73 134.82 135.42 2020-06-02 05:40:39
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