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.
MarketClub’s Trade Triangles for GBPNOK
The long-term trend has been UP since Sep 5th, 2019 at 11.120500
The intermediate-term trend has been DOWN since May 6th, 2020 at 12.691757
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).