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Forex Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

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
12.951323 12.991640 12.704689 12.751400 -0.199923
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term up The long-term trend has been UP since Sep 5th, 2019 at 11.120500

intermediate term up The intermediate-term trend has been UP since Mar 8th, 2020 at 12.218450

short term down The short-term trend has been DOWN since Apr 1st, 2020 at 12.828246

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
12.951323 12.991640 12.704689 12.751400 -0.199923
Prev. Close Volume Bid Ask Time
12.951323 12.744400 12.758400 2020-04-06 18:53:49
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