Forex Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
US Dollar/Icelandic Krona (FOREX:USDISK)
Strong Downtrend (-100) - USDISK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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.
MarketClub’s Trade Triangles for USDISK
The long-term trend has been DOWN since Nov 27th, 2020 at 134.50
The intermediate-term trend has been DOWN since Nov 6th, 2020 at 137.79
The short-term trend has been DOWN since Nov 20th, 2020 at 135.71
Smart Scan Analysis for USDISK
Based on our trend formula, USDISK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).