Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
British Pound/Icelandic Krona (FOREX:GBPISK)
Long-Term Downtrend (-90) - GBPISK is in a strong downtrend that is likely to continue. While GBPISK is showing intraday strength, it remains in the confines of a bearish trend. 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.
MarketClub’s Trade Triangles for GBPISK
The long-term trend has been DOWN since Mar 3rd, 2023 at 169.69878
The intermediate-term trend has been DOWN since Jan 31st, 2023 at 173.42153
The short-term trend has been DOWN since Mar 21st, 2023 at 170.26568
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).