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Forex Trend Analysis Report

Prepared for you on Saturday, January 18, 2025.

British Pound/Norwegian Krone (FOREX:GBPNOK)

Countertrend Down (-85) - GBPNOK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

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.

FOREX_GBPNOK
Open High Low GBPNOK Price Change
13.932095 13.932095 13.895958 13.930050 -0.002045
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term down The long-term trend has been DOWN since Jan 15th, 2025 at 13.84010

intermediate term down The intermediate-term trend has been DOWN since Dec 24th, 2024 at 13.97653

short term up The short-term trend has been UP since Jan 17th, 2025 at 13.94480

Smart Scan Analysis for GBPNOK

Based on our trend formula, GBPNOK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for GBPNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.932095 13.932095 13.895958 13.930050 -0.002045
Prev. Close Volume Bid Ask Time
13.932095 2025-01-18 12:33:13
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