Forex Trend Analysis Report
Prepared for you on Thursday, June 1, 2023.
British Pound/Norwegian Krone (FOREX:GBPNOK)
Long-Term Uptrend (+90) - GBPNOK is in a strong uptrend that is likely to continue. While GBPNOK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for GBPNOK
The long-term trend has been UP since Dec 6th, 2022 at 12.211683
The intermediate-term trend has been UP since Jan 18th, 2023 at 12.243691
The short-term trend has been UP since May 23rd, 2023 at 13.583144
Smart Scan Analysis for GBPNOK
Based on our trend formula, GBPNOK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).