Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
British Pound/Icelandic Krona (FOREX:GBPISK)
Strong Downtrend (-100) - GBPISK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. 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 Dec 2nd, 2020 at 173.01544
The intermediate-term trend has been DOWN since Nov 16th, 2020 at 179.66135
The short-term trend has been DOWN since Nov 25th, 2020 at 180.47754
Smart Scan Analysis for GBPISK
Based on our trend formula, GBPISK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).