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Forex Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

Norwegian Krone/British Pound (FOREX:NOKGBP)

Bear Market Rally (-75) - NOKGBP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NOKGBP as it may be in the beginning 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.

FOREX_NOKGBP
Open High Low NOKGBP Price Change
0.07053032 0.07092976 0.07045237 0.07052441 -0.00000600
Entry Signal

MarketClub’s Trade Triangles for NOKGBP

long term down The long-term trend has been DOWN since Jul 9th, 2024 at 0.07179784

intermediate term down The intermediate-term trend has been DOWN since Jul 7th, 2024 at 0.07350274

short term up The short-term trend has been UP since Jul 26th, 2024 at 0.07065992

Smart Scan Analysis for NOKGBP

Based on our trend formula, NOKGBP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for NOKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.07053032 0.07092976 0.07045237 0.07052441 -0.00000600
Prev. Close Volume Bid Ask Time
0.07053032 2024-07-26 17:00:04
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