Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Norwegian Krone/British Pound (FOREX:NOKGBP)
Bull Market Weakness (+75) - NOKGBP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NOKGBP as it may be in the beginning stages of a reversal.
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.
MarketClub’s Trade Triangles for NOKGBP
The long-term trend has been DOWN since Sep 5th, 2019 at 0.08992300
The intermediate-term trend has been UP since May 6th, 2020 at 0.07879101
The short-term trend has been UP since May 27th, 2020 at 0.08228370
Smart Scan Analysis for NOKGBP
Based on our trend formula, NOKGBP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).