Forex Trend Analysis Report
Prepared for you on Friday, December 15, 2017.
British Pound/Norwegian Krone (FOREX:GBPNOK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 UP since Nov 15th, 2017 at 10.87800
The intermediate term trend has been UP since Oct 26th, 2017 at 10.68105
The short term trend has been DOWN since Dec 12th, 2017 at 11.09700
Smart Scan Analysis for GBPNOK
Based on a pre-defined weighted trend formula for chart analysis, GBPNOK scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).