Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Euro/Icelandic Krona (FOREX:EURISK)
Sidelines Mode (-55) - EURISK 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
MarketClub looks at technical strength and momentum to determine if the timing is right for EURISK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURISK
The long-term trend has been DOWN since Sep 27th, 2019 at 134.67
The intermediate-term trend has been UP since Feb 4th, 2020 at 137.80
The short-term trend has been DOWN since Feb 16th, 2020 at 137.90
Smart Scan Analysis for EURISK
Based on our trend formula, EURISK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).