Forex Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
British Pound/Icelandic Krona (FOREX:GBPISK)
Bull Market Weakness (+75) - GBPISK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPISK as it may be in the beginning stages of a reversal.
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 UP since Jul 8th, 2020 at 175.17132
The intermediate-term trend has been UP since Oct 5th, 2020 at 179.82303
The short-term trend has been DOWN since Oct 14th, 2020 at 179.30119
Smart Scan Analysis for GBPISK
Based on our trend formula, GBPISK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).