Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
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.
MarketClub’s Trade Triangles for GBPISK
The long-term trend has been UP since Sep 6th, 2021 at 175.90935
The intermediate-term trend has been UP since Oct 18th, 2021 at 177.39307
The short-term trend has been UP since Oct 15th, 2021 at 177.22780
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).