Forex Trend Analysis Report
Prepared for you on Monday, December 11, 2023.
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 UP since Dec 6th, 2022 at 12.211683
The intermediate-term trend has been UP since Dec 5th, 2023 at 13.735250
The short-term trend has been DOWN since Dec 8th, 2023 at 13.650866
Smart Scan Analysis for GBPNOK
Based on our trend formula, GBPNOK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).