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Forex Trend Analysis Report

Prepared for you on Monday, December 9, 2024.

British Pound/Icelandic Krona (FOREX:GBPISK)

Sidelines Mode (-55) - GBPISK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
175.92651 176.11323 175.85230 176.09653 +0.17002
Entry Signal

MarketClub’s Trade Triangles for GBPISK

long term down The long-term trend has been DOWN since Nov 15th, 2024 at 174.60682

intermediate term down The intermediate-term trend has been DOWN since Sep 25th, 2024 at 179.98798

short term up The short-term trend has been UP since Nov 29th, 2024 at 174.51662

Smart Scan Analysis for GBPISK

Based on our trend formula, GBPISK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for GBPISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
175.92651 176.11323 175.85230 176.09653 +0.17002
Prev. Close Volume Bid Ask Time
175.92651 2024-12-09 04:03:38
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