Forex Trend Analysis Report
Prepared for you on Wednesday, November 29, 2023.
British Pound/Icelandic Krona (FOREX:GBPISK)
Sidelines Mode (+55) - GBPISK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
MarketClub’s Trade Triangles for GBPISK
The long-term trend has been UP since Nov 3rd, 2023 at 170.50299
The intermediate-term trend has been UP since Sep 14th, 2023 at 168.80587
The short-term trend has been DOWN since Nov 24th, 2023 at 174.28228
Smart Scan Analysis for GBPISK
Based on our trend formula, GBPISK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).