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Forex Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

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.

Open High Low USDISK Price Change
128.06 128.50 127.99 128.33 +0.27
Entry Signal

MarketClub’s Trade Triangles for USDISK

long term down The long-term trend has been DOWN since Nov 27th, 2020 at 134.50

intermediate term down The intermediate-term trend has been DOWN since Feb 8th, 2021 at 128.42

short term up The short-term trend has been UP since Mar 4th, 2021 at 128.00

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).

Smart Scan Analysis for USDISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
128.06 128.50 127.99 128.33 +0.27
Prev. Close Volume Bid Ask Time
128.06 2021-03-05 17:00:58
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