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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

British Pound/Norwegian Krone (FOREX:GBPNOK)

Bull Market Weakness (+75) - GBPNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on GBPNOK as it may be in the beginning stages of a reversal.

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
11.925791 12.092164 11.860123 12.065623 +0.139832
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term down The long-term trend has been DOWN since Dec 25th, 2020 at 11.511326

intermediate term up The intermediate-term trend has been UP since Jan 25th, 2021 at 11.715653

short term up The short-term trend has been UP since Feb 26th, 2021 at 12.021731

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).

+70
Smart Scan Analysis for GBPNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.925791 12.092164 11.860123 12.065623 +0.139832
Prev. Close Volume Bid Ask Time
11.925791 2021-02-26 23:10:42
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