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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

British Pound/Icelandic Krona (FOREX:GBPISK)

Strong Downtrend (-100) - GBPISK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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
169.64832 169.77256 168.10475 168.44785 -1.20047
Entry Signal

MarketClub’s Trade Triangles for GBPISK

long term down The long-term trend has been DOWN since Dec 2nd, 2020 at 173.01544

intermediate term down The intermediate-term trend has been DOWN since Nov 16th, 2020 at 179.66135

short term down The short-term trend has been DOWN since Nov 25th, 2020 at 180.47754

Smart Scan Analysis for GBPISK

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

-100
Smart Scan Analysis for GBPISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
169.64832 169.77256 168.10475 168.44785 -1.20047
Prev. Close Volume Bid Ask Time
169.64832 2020-12-04 08:19:46
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