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Forex Trend Analysis Report

Prepared for you on Friday, December 4, 2020.

British Pound/Norwegian Krone (FOREX:GBPNOK)

Crossroads (-60) - GBPNOK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid GBPNOK?

MarketClub looks at technical strength and momentum to determine if the timing is right for GBPNOK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_GBPNOK
Open High Low GBPNOK Price Change
11.785147 11.880994 11.758629 11.873820 +0.088673
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term up The long-term trend has been UP since Sep 25th, 2020 at 12.226988

intermediate term down The intermediate-term trend has been DOWN since Nov 9th, 2020 at 11.875368

short term down The short-term trend has been DOWN since Nov 30th, 2020 at 11.734810

Smart Scan Analysis for GBPNOK

Based on our trend formula, GBPNOK is rated as a -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
11.785147 11.880994 11.758629 11.873820 +0.088673
Prev. Close Volume Bid Ask Time
11.785147 2020-12-04 09:37:32
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