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Forex Trend Analysis Report

Prepared for you on Thursday, December 2, 2021.

Norwegian Krone/British Pound (FOREX:NOKGBP)

Countertrend Down (-85) - NOKGBP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid NOKGBP?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKGBP.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NOKGBP
Open High Low NOKGBP Price Change
0.08287799 0.08306284 0.08260753 0.08278394 -0.00009400
Entry Signal

MarketClub’s Trade Triangles for NOKGBP

long term down The long-term trend has been DOWN since Dec 1st, 2021 at 0.08233466

intermediate term down The intermediate-term trend has been DOWN since Nov 15th, 2021 at 0.08552686

short term up The short-term trend has been UP since Dec 1st, 2021 at 0.08335881

Smart Scan Analysis for NOKGBP

Based on our trend formula, NOKGBP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for NOKGBP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08287799 0.08306284 0.08260753 0.08278394 -0.00009400
Prev. Close Volume Bid Ask Time
0.08287799 2021-12-02 06:00:57
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