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Forex Trend Analysis Report
Prepared for you on Friday, November 22, 2024.
British Pound/Icelandic Krona (FOREX:GBPISK)
Countertrend Down (-85) - GBPISK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for GBPISK
The long-term trend has been DOWN since Nov 15th, 2024 at 174.60682
The intermediate-term trend has been DOWN since Sep 25th, 2024 at 179.98798
The short-term trend has been UP since Nov 20th, 2024 at 174.47518
Smart Scan Analysis for GBPISK
Based on our trend formula, GBPISK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 175.50152 | 176.68335 | 174.45787 | 175.04105 | -0.46047 |
| Prev. Close | Volume | Bid | Ask | Time |
| 175.50152 | 2024-11-22 17:05:34 |