Forex Trend Analysis Report
Prepared for you on Friday, October 23, 2020.
British Pound/Norwegian Krone (FOREX:GBPNOK)
Weak Uptrend (+65) - GBPNOK is showing signs of weakening momentum to the upside. Monitor GBPNOK as it may be in the beginning stages of a reversal.
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 Sep 25th, 2020 at 12.226988
The intermediate-term trend has been DOWN since Oct 20th, 2020 at 11.880614
The short-term trend has been UP since Oct 21st, 2020 at 12.141550
Smart Scan Analysis for GBPNOK
Based on our trend formula, GBPNOK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).