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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

Norwegian Krone/South African Rand (FOREX:NOKZAR)

Sidelines Mode (-55) - NOKZAR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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.

FOREX_NOKZAR
Open High Low NOKZAR Price Change
1.7686338 1.7867297 1.7668906 1.7782200 +0.0095860
Entry Signal

MarketClub’s Trade Triangles for NOKZAR

long term up The long-term trend has been UP since Dec 22nd, 2023 at 1.8054539

intermediate term down The intermediate-term trend has been DOWN since Mar 6th, 2024 at 1.7864939

short term up The short-term trend has been UP since Mar 17th, 2024 at 1.7826358

Smart Scan Analysis for NOKZAR

Based on our trend formula, NOKZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NOKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7686338 1.7867297 1.7668906 1.7782200 +0.0095860
Prev. Close Volume Bid Ask Time
1.7686338 2024-03-18 23:02:47
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