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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.

FOREX_GBPISK
Open High Low GBPISK Price Change
174.07148 174.13663 173.94738 174.01609 -0.05539
Entry Signal

MarketClub’s Trade Triangles for GBPISK

long term down The long-term trend has been DOWN since Dec 2nd, 2020 at 173.01544

intermediate term down The intermediate-term trend has been DOWN since Mar 22nd, 2021 at 175.47578

short term up 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).

-85
Smart Scan Analysis for GBPISK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
174.07148 174.13663 173.94738 174.01609 -0.05539
Prev. Close Volume Bid Ask Time
174.07148 2021-04-23 02:24:42
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