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Forex Trend Analysis Report

Prepared for you on Monday, March 4, 2024.

British Pound/Icelandic Krona (FOREX:GBPISK)

Strong Uptrend (+100) - GBPISK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, GBPISK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

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
174.59252 174.75138 174.51373 174.66994 +0.07742
Entry Signal

MarketClub’s Trade Triangles for GBPISK

long term up The long-term trend has been UP since Nov 3rd, 2023 at 170.50299

intermediate term up The intermediate-term trend has been UP since Jan 8th, 2024 at 175.49091

short term up The short-term trend has been UP since Feb 23rd, 2024 at 174.18906

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).

+100
Smart Scan Analysis for GBPISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
174.59252 174.75138 174.51373 174.66994 +0.07742
Prev. Close Volume Bid Ask Time
174.59252 2024-03-04 04:09:06
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