Forex Trend Analysis Report
Prepared for you on Friday, April 23, 2021.
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.
MarketClub’s Trade Triangles for GBPISK
The long-term trend has been DOWN since Dec 2nd, 2020 at 173.01544
The intermediate-term trend has been DOWN since Mar 22nd, 2021 at 175.47578
The short-term trend has been UP since Apr 18th, 2021 at 175.37326
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).