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Forex Trend Analysis Report

Prepared for you on Monday, October 19, 2020.

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
180.21396 180.86149 180.05179 180.31701 +0.10305
Entry Signal

MarketClub’s Trade Triangles for GBPISK

long term up The long-term trend has been UP since Jul 8th, 2020 at 175.17132

intermediate term up The intermediate-term trend has been UP since Oct 5th, 2020 at 179.82303

short term down The short-term trend has been DOWN since Oct 14th, 2020 at 179.30119

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
180.21396 180.86149 180.05179 180.31701 +0.10305
Prev. Close Volume Bid Ask Time
180.21396 2020-10-19 11:59:32
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