Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
US Dollar/Icelandic Krona (FOREX:USDISK)
Long-Term Uptrend (+90) - USDISK is in a strong uptrend that is likely to continue. While USDISK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 Mar 4th, 2022 at 131.58
The intermediate-term trend has been UP since Aug 15th, 2022 at 137.74
The short-term trend has been UP since Aug 15th, 2022 at 137.16
Smart Scan Analysis for USDISK
Based on our trend formula, USDISK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).