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Forex Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

Icelandic Krona/British Pound (FOREX:ISKGBP)

Crossroads (-60) - ISKGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid ISKGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for ISKGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_ISKGBP
Open High Low ISKGBP Price Change
0.00590780 0.00595691 0.00590680 0.00595527 +0.00004700
Entry Signal

MarketClub’s Trade Triangles for ISKGBP

long term up The long-term trend has been UP since Jul 19th, 2023 at 0.00593449

intermediate term down The intermediate-term trend has been DOWN since Sep 14th, 2023 at 0.00592400

short term down The short-term trend has been DOWN since Sep 28th, 2023 at 0.00595825

Smart Scan Analysis for ISKGBP

Based on our trend formula, ISKGBP is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for ISKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.00590780 0.00595691 0.00590680 0.00595527 +0.00004700
Prev. Close Volume Bid Ask Time
0.00590780 2023-10-03 07:02:32
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