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Forex Trend Analysis Report

Prepared for you on Friday, April 23, 2021.

British Pound/Norwegian Krone (FOREX:GBPNOK)

Weak Downtrend (-65) - GBPNOK is showing signs of a strengthening downtrend. Monitor GBPNOK as it may be building momentum to the downside.

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
11.554600 11.567700 11.551253 11.559526 +0.004926
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term up The long-term trend has been UP since Mar 1st, 2021 at 12.092164

intermediate term down The intermediate-term trend has been DOWN since Mar 16th, 2021 at 11.687600

short term down The short-term trend has been DOWN since Apr 14th, 2021 at 11.634216

Smart Scan Analysis for GBPNOK

Based on our trend formula, GBPNOK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.554600 11.567700 11.551253 11.559526 +0.004926
Prev. Close Volume Bid Ask Time
11.554600 2021-04-23 01:41:43
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