Forex Trend Analysis Report
Prepared for you on Sunday, January 29, 2023.
British Pound/Icelandic Krona (FOREX:GBPISK)
Long-Term Uptrend (+90) - GBPISK is in a strong uptrend that is likely to continue. While GBPISK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Nov 2nd, 2022 at 167.17263
The intermediate-term trend has been UP since Jan 9th, 2023 at 174.62175
The short-term trend has been UP since Jan 24th, 2023 at 176.68247
Smart Scan Analysis for GBPISK
Based on our trend formula, GBPISK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).