Analyze Symbol

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.

FOREX_GBPNOK
Open High Low GBPNOK Price Change
10.534995 10.534995 10.534995 10.534995 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term down The long term trend has been DOWN since Jul 11th, 2017 at 10.66145

intermediate term down The intermediate term trend has been DOWN since Oct 11th, 2017 at 10.43640

short term down 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).

-80
Smart Scan Analysis for GBPNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.534995 10.534995 10.534995 10.534995 0.000000
Prev. Close Volume Bid Ask Time
10.534995 10.506000 10.563990 2017-10-21 01:00:26
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