Forex Trend Analysis Report
Prepared for you on Friday, February 21, 2020.
Icelandic Krona/Norwegian Krone (FOREX:ISKNOK)
Crossroads (-60) - ISKNOK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ISKNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for ISKNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ISKNOK
The long-term trend has been DOWN since Jan 2nd, 2020 at 0.07320000
The intermediate-term trend has been UP since Jan 21st, 2020 at 0.07217154
The short-term trend has been UP since Jan 21st, 2020 at 0.07217154
Smart Scan Analysis for ISKNOK
Based on our trend formula, ISKNOK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).