Forex Trend Analysis Report
Prepared for you on Wednesday, January 19, 2022.
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.
MarketClub’s Trade Triangles for GBPNOK
The long-term trend has been UP since Dec 1st, 2021 at 12.145164
The intermediate-term trend has been UP since Nov 15th, 2021 at 11.683085
The short-term trend has been DOWN since Jan 18th, 2022 at 11.873200
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).