Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
British Pound/Icelandic Krona (FOREX:GBPISK)
Bear Market Rally (-75) - GBPISK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPISK as it may be in the beginning of a reversal.
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 DOWN since Dec 2nd, 2020 at 173.01544
The intermediate-term trend has been UP since Feb 12th, 2021 at 178.40607
The short-term trend has been DOWN since Feb 24th, 2021 at 179.48998
Smart Scan Analysis for GBPISK
Based on our trend formula, GBPISK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).