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Forex Trend Analysis Report

Prepared for you on Monday, August 2, 2021.

US Dollar/Icelandic Krona (FOREX:USDISK)

Long-Term Downtrend (-90) - USDISK is in a strong downtrend that is likely to continue. While USDISK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
123.67 123.73 123.40 123.66 -0.01
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 Jul 30th, 2021 at 123.12

short term down The short-term trend has been DOWN since Jul 28th, 2021 at 125.77

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).

-90
Smart Scan Analysis for USDISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
123.67 123.73 123.40 123.66 -0.01
Prev. Close Volume Bid Ask Time
123.67 2021-08-02 14:55:24
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