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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

British Pound/Icelandic Krona (FOREX:GBPISK)

Long-Term Uptrend (+90) - GBPISK is in a strong uptrend that is likely to continue. While GBPISK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.

FOREX_GBPISK
Open High Low GBPISK Price Change
178.04089 178.53537 177.84780 178.12385 +0.08296
Entry Signal

MarketClub’s Trade Triangles for GBPISK

long term up The long-term trend has been UP since Sep 6th, 2021 at 175.90935

intermediate term up The intermediate-term trend has been UP since Oct 18th, 2021 at 177.39307

short term up The short-term trend has been UP since Oct 15th, 2021 at 177.22780

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
178.04089 178.53537 177.84780 178.12385 +0.08296
Prev. Close Volume Bid Ask Time
178.04089 2021-10-26 12:59:51
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