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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
British Pound/Icelandic Krona (FOREX:GBPISK)
Crossroads (-60) - GBPISK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid GBPISK?
MarketClub looks at technical strength and momentum to determine if the timing is right for GBPISK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for GBPISK
The long-term trend has been UP since Apr 10th, 2024 at 176.23587
The intermediate-term trend has been DOWN since Apr 19th, 2024 at 174.79935
The short-term trend has been DOWN since May 1st, 2024 at 175.40128
Smart Scan Analysis for GBPISK
Based on our trend formula, GBPISK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 174.75631 | 175.24257 | 174.37200 | 174.56443 | -0.19188 |
| Prev. Close | Volume | Bid | Ask | Time |
| 174.75631 | 2024-05-09 14:16:20 |