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Forex Trend Analysis Report

Prepared for you on Tuesday, October 26, 2021.

British Pound/Norwegian Krone (FOREX:GBPNOK)

Strong Downtrend (-100) - GBPNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
11.493800 11.547509 11.470765 11.508200 +0.014400
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term down The long-term trend has been DOWN since Oct 1st, 2021 at 11.685900

intermediate term down The intermediate-term trend has been DOWN since Aug 18th, 2021 at 12.166464

short term down The short-term trend has been DOWN since Oct 19th, 2021 at 11.529800

Smart Scan Analysis for GBPNOK

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

-100
Smart Scan Analysis for GBPNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.493800 11.547509 11.470765 11.508200 +0.014400
Prev. Close Volume Bid Ask Time
11.493800 2021-10-26 14:55:23
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