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Forex Trend Analysis Report

Prepared for you on Friday, October 23, 2020.

British Pound/Norwegian Krone (FOREX:GBPNOK)

Weak Uptrend (+65) - GBPNOK is showing signs of weakening momentum to the upside. Monitor GBPNOK as it may be in the beginning stages of a reversal.

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
12.107580 12.140371 12.041897 12.065605 -0.041975
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term up The long-term trend has been UP since Sep 25th, 2020 at 12.226988

intermediate term down The intermediate-term trend has been DOWN since Oct 20th, 2020 at 11.880614

short term up The short-term trend has been UP since Oct 21st, 2020 at 12.141550

Smart Scan Analysis for GBPNOK

Based on our trend formula, GBPNOK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+65
Smart Scan Analysis for GBPNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.107580 12.140371 12.041897 12.065605 -0.041975
Prev. Close Volume Bid Ask Time
12.107580 2020-10-23 07:19:04
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