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Forex Trend Analysis Report

Prepared for you on Tuesday, May 21, 2019.

British Pound/Norwegian Krone (FOREX:GBPNOK)

Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_GBPNOK
Open High Low GBPNOK Price Change
11.1912 11.2050 11.1420 11.1582 -0.0330
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term up The long term trend has been UP since Sep 7th, 2018 at 10.9375

intermediate term up The intermediate term trend has been UP since Apr 30th, 2019 at 11.2456

short term down The short term trend has been DOWN since May 8th, 2019 at 11.3860

Smart Scan Analysis for GBPNOK

Based on a pre-defined weighted trend formula for chart analysis, GBPNOK scored +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
11.1912 11.2050 11.1420 11.1582 -0.0330
Prev. Close Volume Bid Ask Time
11.1912 11.1512 11.1652 2019-05-21 14:49:56
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