Forex Trend Analysis Report
Prepared for you on Friday, February 21, 2020.
Icelandic Krona/British Pound (FOREX:ISKGBP)
Bear Market Rally (-75) - ISKGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ISKGBP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ISKGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for ISKGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ISKGBP
The long-term trend has been DOWN since Oct 17th, 2019 at 0.00630400
The intermediate-term trend has been DOWN since Dec 8th, 2019 at 0.00626963
The short-term trend has been UP since Feb 20th, 2020 at 0.00605367
Smart Scan Analysis for ISKGBP
Based on our trend formula, ISKGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).