Free Icelandic Krona/U.S. Dollar (ISKUSD) Technical Analysis Signals

Overal Signal
Hold
Signals
Hold Buy Neutral Hold
Last Update / Period
31 Dec / Daily
Category/Currency
Currency/USD
Exchange/Country
CCY/--

Icelandic Krona/U.S. Dollar (ISKUSD) signal with technical analysis on 31 Dec

On 31 Dec, we conducted a comprehensive technical analysis of Icelandic Krona/U.S. Dollar (ISKUSD), considering 256 signals with intricate details. Here are the key findings: 86 signals suggested buy strategies, while 57 indicated sell strategies. The remaining 113 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 32
Sell Signals: 2
Neutral Signals: 30
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 28
Sell Signals: 12
Neutral Signals: 24
Result: This strategy leads to a Buy position.

Strategy 3:
Buy Signals: 17
Sell Signals: 19
Neutral Signals: 28
Result: This strategy leads to a Neutral position.

Strategy 4:
Buy Signals: 9
Sell Signals: 24
Neutral Signals: 31
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 86
Sell Signals: 57
Neutral Signals: 113
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Icelandic Krona/U.S. Dollar (ISKUSD) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Icelandic Krona/U.S. Dollar (ISKUSD) on , there is a tendency toward a sell signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and careful consideration should be given to overall market conditions and your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Icelandic Krona/U.S. Dollar (ISKUSD) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is recommended to find the optimal time to exit your position based on the combination of technical analysis signals. For those with a higher risk tolerance, you may wait for the market to move further in the coming days before deciding.
Icelandic Krona/U.S. Dollar (ISKUSD) trading strategy for those in sell positions (short positions): If you are already in a sell (short) position, holding your position may be the right strategy based on our technical analysis consensus. However, remain cautious and closely monitor market developments.
For new positions: If you are not currently invested or are considering switching to a sell (short) position, it's advisable to evaluate the expected price range, which represents a potential downside of 3.92% based on the lowest predicted price. Before entering a sell position, ensure it aligns with your risk tolerance and investment objectives by conducting thorough research.

In all trading scenarios, it is essential to implement a well-defined stop-loss strategy to manage potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend the "Predict-price" website, which provides both short-term and long-term predictions for free. This resource can aid in making informed decisions regarding your **Icelandic Krona/U.S. Dollar (ISKUSD)** holdings.

Icelandic Krona/U.S. Dollar (ISKUSD) Price Analysis and Support Levels:

In our current Icelandic Krona/U.S. Dollar (ISKUSD) position, we anticipate a potential downward trend. It is crucial to understand the key support levels, which can serve as reference points for traders to make well-informed decisions.

First Support Level: 0.00708 We are closely monitoring the price at the first support level of 0.00708, a critical point in our analysis. If the downward trend continues and this level is breached, it would indicate strong selling pressure and potential further price depreciation.

Second Support Level: 0.00696 If the first support level at 0.00708 is broken, the second support level at 0.00696 becomes a key point. A break at this level suggests stronger downward momentum, likely influenced by market sentiment or external factors.

It’s essential to closely monitor these support levels and analyze them within the broader market context. By remaining alert and consistently analyzing the market, you can make informed decisions while trading Icelandic Krona/U.S. Dollar (ISKUSD). By paying attention to these support levels and considering broader market trends, you can adapt your trading strategies to the dynamic nature of this market.

Icelandic Krona/U.S. Dollar (ISKUSD) technical analysis chart

Icelandic Krona/U.S. Dollar (ISKUSD) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 0.00742 0.00772 -- -- --
Support 0.00708 0.00696 -- -- --
 Icelandic Krona/U.S. Dollar (ISKUSD) Support and Resistance area (31 Dec)

Icelandic Krona/U.S. Dollar (ISKUSD) signals list for 31 Dec

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Icelandic Krona/U.S. Dollar (ISKUSD) candlestick patterns on 31 Dec

Today's Icelandic Krona/U.S. Dollar (ISKUSD) Candle Patterns List:

Doji Long Legged Doji

Icelandic Krona/U.S. Dollar (ISKUSD) technical analysis over the past days

# Date Overal Signals ALL Signals
1 30 Dec Hold HoldBuyNeutralHold
2 27 Dec Buy BuyNeutralHoldHold
3 26 Dec Hold HoldHoldHoldHold
4 25 Dec Hold HoldHoldHoldHold
5 24 Dec Hold HoldHoldHoldHold
6 23 Dec Hold HoldHoldHoldHold
7 20 Dec Hold HoldHoldHoldHold
8 19 Dec Sell SellSellSellSell
9 18 Dec Buy BuyNeutralNeutralNeutral
10 17 Dec Hold NeutralNeutralNeutralNeutral
11 16 Dec Hold HoldHoldHoldHold
12 13 Dec Hold HoldHoldHoldHold
13 12 Dec Hold HoldHoldHoldHold
14 11 Dec Sell SellHoldSellSell
15 10 Dec Hold NeutralSellNeutralNeutral
16 09 Dec Hold NeutralNeutralNeutralNeutral
17 06 Dec Buy BuyBuyBuyNeutral
18 05 Dec Hold HoldSellNeutralHold
19 04 Dec Hold HoldNeutralHoldHold
20 03 Dec Sell SellSellSellSell
21 02 Dec Buy HoldNeutralNeutralBuy
22 29 Nov Neutral HoldNeutralNeutralNeutral
23 28 Nov Buy BuyBuyBuyNeutral
24 27 Nov Hold NeutralHoldNeutralHold
25 26 Nov Hold HoldHoldHoldHold
26 25 Nov Hold HoldHoldHoldHold
27 22 Nov Hold HoldSellHoldHold
28 21 Nov Sell NeutralNeutralSellSell
29 20 Nov Buy HoldNeutralBuyNeutral
30 19 Nov Buy HoldBuyNeutralNeutral

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