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Forex Trend Analysis Report

Prepared for you on Saturday, May 30, 2020.

British Pound/Norwegian Krone (FOREX:GBPNOK)

Weak Downtrend (-65) - GBPNOK is showing signs of a strengthening downtrend. Monitor GBPNOK as it may be building momentum to the downside.

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
12.019660 12.019660 12.019660 12.019660 0.000000
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term up The long-term trend has been UP since Sep 5th, 2019 at 11.120500

intermediate term down The intermediate-term trend has been DOWN since May 6th, 2020 at 12.691757

short term down The short-term trend has been DOWN since May 27th, 2020 at 12.153088

Smart Scan Analysis for GBPNOK

Based on our trend formula, GBPNOK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for GBPNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.019660 12.019660 12.019660 12.019660 0.000000
Prev. Close Volume Bid Ask Time
12.019660 12.006509 12.032810 2020-05-30 04:20:43
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