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Forex Trend Analysis Report

Prepared for you on Monday, August 8, 2022.

British Pound/Norwegian Krone (FOREX:GBPNOK)

Sidelines Mode (+55) - GBPNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.

FOREX_GBPNOK
Open High Low GBPNOK Price Change
11.824920 11.844275 11.751228 11.765305 -0.059615
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term up The long-term trend has been UP since May 18th, 2022 at 12.276300

intermediate term down The intermediate-term trend has been DOWN since Jul 19th, 2022 at 11.882145

short term up The short-term trend has been UP since Jul 29th, 2022 at 11.929282

Smart Scan Analysis for GBPNOK

Based on our trend formula, GBPNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.824920 11.844275 11.751228 11.765305 -0.059615
Prev. Close Volume Bid Ask Time
11.824920 2022-08-08 15:59:26
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