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Forex Trend Analysis Report

Prepared for you on Saturday, July 20, 2024.

British Pound/Norwegian Krone (FOREX:GBPNOK)

Long-Term Uptrend (+90) - GBPNOK is in a strong uptrend that is likely to continue. While GBPNOK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
14.107755 14.107755 14.030506 14.105790 -0.001965
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term up The long-term trend has been UP since Jul 9th, 2024 at 13.905834

intermediate term up The intermediate-term trend has been UP since Jul 7th, 2024 at 13.601386

short term up The short-term trend has been UP since Jul 19th, 2024 at 14.107627

Smart Scan Analysis for GBPNOK

Based on our trend formula, GBPNOK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for GBPNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.107755 14.107755 14.030506 14.105790 -0.001965
Prev. Close Volume Bid Ask Time
14.107755 2024-07-20 13:33:12
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