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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

British Pound/Icelandic Krona (FOREX:GBPISK)

Long-Term Downtrend (-90) - GBPISK is in a strong downtrend that is likely to continue. While GBPISK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
171.71160 171.79974 169.81201 170.29981 -1.41179
Entry Signal

MarketClub’s Trade Triangles for GBPISK

long term down The long-term trend has been DOWN since Mar 3rd, 2023 at 169.69878

intermediate term down The intermediate-term trend has been DOWN since Jan 31st, 2023 at 173.42153

short term down The short-term trend has been DOWN since Mar 21st, 2023 at 170.26568

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
171.71160 171.79974 169.81201 170.29981 -1.41179
Prev. Close Volume Bid Ask Time
171.71160 2023-03-21 15:41:15
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