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.
MarketClub’s Trade Triangles for NOKGBP
The long-term trend has been DOWN since Dec 1st, 2021 at 0.08233466
The intermediate-term trend has been DOWN since Nov 15th, 2021 at 0.08552686
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).