Forex Trend Analysis Report
Prepared for you on Saturday, October 21, 2017.
British Pound/Norwegian Krone (FOREX:GBPNOK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPNOK
The long term trend has been DOWN since Jul 11th, 2017 at 10.66145
The intermediate term trend has been DOWN since Oct 11th, 2017 at 10.43640
The short term trend has been DOWN since Oct 20th, 2017 at 10.42100
Smart Scan Analysis for GBPNOK
Based on a pre-defined weighted trend formula for chart analysis, GBPNOK scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).