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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.

FOREX_USDISK
Open High Low USDISK Price Change
128.24 128.34 125.57 126.16 -2.08
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 Nov 6th, 2020 at 137.79

short term down 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).

-100
Smart Scan Analysis for USDISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
128.24 128.34 125.57 126.16 -2.08
Prev. Close Volume Bid Ask Time
128.24 2020-12-03 15:06:49
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