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Forex Trend Analysis Report

Prepared for you on Wednesday, January 19, 2022.

British Pound/Norwegian Krone (FOREX:GBPNOK)

Sidelines Mode (+55) - GBPNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
11.975250 11.988846 11.926673 11.935050 -0.040200
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term up The long-term trend has been UP since Dec 1st, 2021 at 12.145164

intermediate term up The intermediate-term trend has been UP since Nov 15th, 2021 at 11.683085

short term down The short-term trend has been DOWN since Jan 18th, 2022 at 11.873200

Smart Scan Analysis for GBPNOK

Based on our trend formula, GBPNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for GBPNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.975250 11.988846 11.926673 11.935050 -0.040200
Prev. Close Volume Bid Ask Time
11.975250 2022-01-19 08:49:14
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