Forex Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
British Pound/Norwegian Krone (FOREX:GBPNOK)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
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 DOWN since Jun 4th, 2019 at 10.99300
The intermediate term trend has been DOWN since May 21st, 2019 at 11.13550
The short term trend has been UP since Jul 18th, 2019 at 10.72999
Smart Scan Analysis for GBPNOK
Based on a pre-defined weighted trend formula for chart analysis, GBPNOK scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).