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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.

FOREX_GBPISK
Open High Low GBPISK Price Change
174.13524 174.31740 173.82753 174.08193 -0.05331
Entry Signal

MarketClub’s Trade Triangles for GBPISK

long term up The long-term trend has been UP since Nov 3rd, 2023 at 170.50299

intermediate term up The intermediate-term trend has been UP since Sep 14th, 2023 at 168.80587

short term down 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).

+55
Smart Scan Analysis for GBPISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
174.13524 174.31740 173.82753 174.08193 -0.05331
Prev. Close Volume Bid Ask Time
174.13524 2023-11-29 15:50:12
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