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Forex Trend Analysis Report
Prepared for you on Monday, January 20, 2025.
British Pound/Norwegian Krone (FOREX:GBPNOK)
Countertrend Down (-85) - GBPNOK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for GBPNOK
The long-term trend has been DOWN since Jan 15th, 2025 at 13.84010
The intermediate-term trend has been DOWN since Dec 24th, 2024 at 13.97653
The short-term trend has been UP since Jan 17th, 2025 at 13.94480
Smart Scan Analysis for GBPNOK
Based on our trend formula, GBPNOK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 13.92910 | 13.94480 | 13.88805 | 13.91328 | -0.01582 |
| Prev. Close | Volume | Bid | Ask | Time |
| 13.92910 | 2025-01-20 09:37:02 |