Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

British Pound/Icelandic Krona (FOREX:GBPISK)

Bear Market Rally (-75) - GBPISK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on GBPISK as it may be in the beginning 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
174.22330 174.25484 174.08583 174.19551 -0.02779
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 down The intermediate-term trend has been DOWN since Mar 13th, 2024 at 172.87261

short term up The short-term trend has been UP since Mar 15th, 2024 at 174.58476

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).

-75
Smart Scan Analysis for GBPISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
174.22330 174.25484 174.08583 174.19551 -0.02779
Prev. Close Volume Bid Ask Time
174.22330 2024-03-19 04:30:39
Get a free daily analysis and signals for British Pound/Icelandic Krona (GBPISK) - Request Your Free Report.