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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

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.

FOREX_GBPISK
Open High Low GBPISK Price Change
175.38166 176.11875 175.36835 175.94801 +0.56635
Entry Signal

MarketClub’s Trade Triangles for GBPISK

long term down The long-term trend has been DOWN since Mar 13th, 2024 at 172.38960

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2024 at 175.59595

short term up The short-term trend has been UP since Mar 27th, 2024 at 174.55286

Smart Scan Analysis for GBPISK

Based on our trend formula, GBPISK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for GBPISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
175.38166 176.11875 175.36835 175.94801 +0.56635
Prev. Close Volume Bid Ask Time
175.38166 2024-03-28 22:33:49
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