Forex Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
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 Dec 6th, 2022 at 0.08186310
The intermediate-term trend has been UP since Sep 12th, 2023 at 0.07525039
The short-term trend has been UP since Sep 20th, 2023 at 0.07512800
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).