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Forex Trend Analysis Report

Prepared for you on Tuesday, April 7, 2020.

British Pound/Icelandic Krona (FOREX:GBPISK)

Countertrend Up (+85) - GBPISK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score 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
171.50 171.50 171.50 171.50 0.00
Entry Signal

MarketClub’s Trade Triangles for GBPISK

long term up The long-term trend has been UP since Oct 23rd, 2019 at 157.88

intermediate term up The intermediate-term trend has been UP since Jan 21st, 2020 at 161.58

short term up The short-term trend has been UP since Jan 2nd, 2020 at 159.15

Smart Scan Analysis for GBPISK

Based on our trend formula, GBPISK is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+80
Smart Scan Analysis for GBPISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
171.50 171.50 171.50 171.50 0.00
Prev. Close Volume Bid Ask Time
171.50 171.08 171.92 2020-03-27 08:40:51
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