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.
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 Jul 30th, 2021 at 123.12
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).