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.
MarketClub’s Trade Triangles for GBPNOK
The long-term trend has been UP since Mar 1st, 2021 at 12.092164
The intermediate-term trend has been DOWN since Mar 16th, 2021 at 11.687600
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).