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Forex Trend Analysis Report
Prepared for you on Thursday, November 21, 2024.
British Pound/Norwegian Krone (FOREX:GBPNOK)
Weak Downtrend (-65) - GBPNOK is showing signs of a strengthening downtrend. Monitor GBPNOK as it may be building momentum to the downside.
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 UP since Jul 9th, 2024 at 13.905834
The intermediate-term trend has been DOWN since Nov 13th, 2024 at 14.059877
The short-term trend has been DOWN since Nov 7th, 2024 at 14.192452
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 13.982573 | 13.987250 | 13.942325 | 13.960510 | -0.022063 |
| Prev. Close | Volume | Bid | Ask | Time |
| 13.982573 | 2024-11-21 06:30:27 |