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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

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.

FOREX_GBPISK
Open High Low GBPISK Price Change
174.98652 175.06225 174.30533 174.37535 -0.61117
Entry Signal

MarketClub’s Trade Triangles for GBPISK

long term down The long-term trend has been DOWN since Nov 15th, 2024 at 174.60682

intermediate term up The intermediate-term trend has been UP since Dec 10th, 2024 at 176.68335

short term down The short-term trend has been DOWN since Dec 19th, 2024 at 174.70468

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).

-75
Smart Scan Analysis for GBPISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
174.98652 175.06225 174.30533 174.37535 -0.61117
Prev. Close Volume Bid Ask Time
174.98652 2024-12-26 12:11:08
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