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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Norwegian Krone/British Pound (FOREX:NOKGBP)

Crossroads (+60) - NOKGBP is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid NOKGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NOKGBP
Open High Low NOKGBP Price Change
0.08607805 0.08652709 0.08594190 0.08621289 +0.00013500
Entry Signal

MarketClub’s Trade Triangles for NOKGBP

long term down The long-term trend has been DOWN since Jun 16th, 2022 at 0.08145918

intermediate term up The intermediate-term trend has been UP since Jul 4th, 2022 at 0.08407610

short term up The short-term trend has been UP since Aug 18th, 2022 at 0.08607222

Smart Scan Analysis for NOKGBP

Based on our trend formula, NOKGBP is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for NOKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08607805 0.08652709 0.08594190 0.08621289 +0.00013500
Prev. Close Volume Bid Ask Time
0.08607805 2022-08-19 16:52:26
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