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Forex Trend Analysis Report

Prepared for you on Thursday, May 23, 2024.

British Pound/Norwegian Krone (FOREX:GBPNOK)

Crossroads (-60) - GBPNOK is struggling to move into a solid trend. Beware of choppy markets 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.

FOREX_GBPNOK
Open High Low GBPNOK Price Change
13.615399 13.634125 13.499314 13.560863 -0.054536
Entry Signal

MarketClub’s Trade Triangles for GBPNOK

long term up The long-term trend has been UP since Mar 29th, 2024 at 13.825574

intermediate term down The intermediate-term trend has been DOWN since May 9th, 2024 at 13.532758

short term down The short-term trend has been DOWN since May 23rd, 2024 at 13.532813

Smart Scan Analysis for GBPNOK

Based on our trend formula, GBPNOK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for GBPNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.615399 13.634125 13.499314 13.560863 -0.054536
Prev. Close Volume Bid Ask Time
13.615399 2024-05-23 14:33:29
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