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.
MarketClub’s Trade Triangles for GBPNOK
The long-term trend has been UP since Sep 25th, 2020 at 12.226988
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 11.875368
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).