Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
British Pound/Norwegian Krone (FOREX:GBPNOK)
Bull Market Weakness (+75) - GBPNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPNOK as it may be in the beginning stages of a reversal.
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 Dec 25th, 2020 at 11.511326
The intermediate-term trend has been UP since Jan 25th, 2021 at 11.715653
The short-term trend has been UP since Feb 26th, 2021 at 12.021731
Smart Scan Analysis for GBPNOK
Based on our trend formula, GBPNOK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).