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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Norwegian Krone/South African Rand (FOREX:NOKZAR)
Long-Term Downtrend (-90) - NOKZAR is in a strong downtrend that is likely to continue. While NOKZAR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NOKZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NOKZAR
The long-term trend has been DOWN since Mar 29th, 2024 at 1.7176431
The intermediate-term trend has been DOWN since Apr 26th, 2024 at 1.7206448
The short-term trend has been DOWN since May 8th, 2024 at 1.6929446
Smart Scan Analysis for NOKZAR
Based on our trend formula, NOKZAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.7041700 | 1.7052075 | 1.6932952 | 1.7012624 | -0.0029080 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.7041700 | 2024-05-09 11:20:25 |