Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
British Pound/Norwegian Krone (FOREX:GBPNOK)
Strong Downtrend (-100) - GBPNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Oct 1st, 2021 at 11.685900
The intermediate-term trend has been DOWN since Aug 18th, 2021 at 12.166464
The short-term trend has been DOWN since Oct 19th, 2021 at 11.529800
Smart Scan Analysis for GBPNOK
Based on our trend formula, GBPNOK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).