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.
MarketClub’s Trade Triangles for GBPNOK
The long term trend has been UP since Apr 2nd, 2017 at 10.79161
The intermediate term trend has been DOWN since May 17th, 2017 at 10.88775
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).