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Forex Trend Analysis Report

Prepared for you on Saturday, June 24, 2017.

British Pound/Norwegian Krone (FOREX:GBPNOK)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.

FOREX_GBPNOK
Open High Low GBPNOK Price Change
10.754545 10.802500 10.744060 10.802500 +0.047955
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term up The long term trend has been UP since Apr 2nd, 2017 at 10.79161

intermediate term down The intermediate term trend has been DOWN since May 17th, 2017 at 10.88775

short term down The short term trend has been DOWN since Jun 22nd, 2017 at 10.73300

Smart Scan Analysis for GBPNOK

Based on a pre-defined weighted trend formula for chart analysis, GBPNOK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for GBPNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.754545 10.802500 10.744060 10.802500 +0.047955
Prev. Close Volume Bid Ask Time
10.754545 10.775000 10.830000 2017-06-24 11:36:58
Want to analyze British Pound/Norwegian Krone GBPNOK or another symbol? Try our Free Forex Trend Analysis Report.