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Forex Trend Analysis Report

Prepared for you on Thursday, February 6, 2025.

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
176.51393 176.51615 175.03928 175.23654 -1.27739
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 up The intermediate-term trend has been UP since Feb 3rd, 2025 at 175.59943

short term down The short-term trend has been DOWN since Feb 6th, 2025 at 175.35717

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
176.51393 176.51615 175.03928 175.23654 -1.27739
Prev. Close Volume Bid Ask Time
176.51393 2025-02-06 08:27:35
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