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Forex Trend Analysis Report

Prepared for you on Tuesday, June 25, 2024.

British Pound/Icelandic Krona (FOREX:GBPISK)

Long-Term Uptrend (+90) - GBPISK is in a strong uptrend that is likely to continue. While GBPISK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
176.27790 176.88999 176.16376 176.58622 +0.30832
Entry Signal

MarketClub’s Trade Triangles for GBPISK

long term up The long-term trend has been UP since Apr 10th, 2024 at 176.23587

intermediate term up The intermediate-term trend has been UP since May 14th, 2024 at 176.21593

short term up The short-term trend has been UP since Jun 25th, 2024 at 176.68606

Smart Scan Analysis for GBPISK

Based on our trend formula, GBPISK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for GBPISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
176.27790 176.88999 176.16376 176.58622 +0.30832
Prev. Close Volume Bid Ask Time
176.27790 2024-06-25 13:20:42
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