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.
MarketClub’s Trade Triangles for GBPNOK
The long term trend has been UP since Sep 7th, 2018 at 10.9375
The intermediate term trend has been UP since Apr 30th, 2019 at 11.2456
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).