Forex Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
British Pound/Icelandic Krona (FOREX:GBPISK)
Countertrend Up (+85) - GBPISK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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 Oct 23rd, 2019 at 157.88
The intermediate-term trend has been UP since Jan 21st, 2020 at 161.58
The short-term trend has been UP since Jan 2nd, 2020 at 159.15
Smart Scan Analysis for GBPISK
Based on our trend formula, GBPISK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).