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Forex Trend Analysis Report

Prepared for you on Tuesday, February 4, 2025.

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
14.140550 14.169129 14.017759 14.026667 -0.113883
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term down The long-term trend has been DOWN since Jan 15th, 2025 at 13.840100

intermediate term up The intermediate-term trend has been UP since Jan 23rd, 2025 at 14.308834

short term down The short-term trend has been DOWN since Feb 4th, 2025 at 14.018309

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
14.140550 14.169129 14.017759 14.026667 -0.113883
Prev. Close Volume Bid Ask Time
14.140550 2025-02-04 23:03:24
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