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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

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
175.99342 177.56481 175.29189 177.26137 +1.26795
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 up The intermediate-term trend has been UP since Feb 12th, 2021 at 178.40607

short term down The short-term trend has been DOWN since Feb 24th, 2021 at 179.48998

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
175.99342 177.56481 175.29189 177.26137 +1.26795
Prev. Close Volume Bid Ask Time
175.99342 2021-02-26 17:11:12
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