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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Euro/Norwegian Krone (FOREX:EURNOK)

Weak Downtrend (-65) - EURNOK is showing signs of a strengthening downtrend. Monitor EURNOK as it may be building momentum to the downside.

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

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

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

FOREX_EURNOK
Open High Low EURNOK Price Change
10.727580 10.728295 10.665080 10.680645 -0.046935
Entry Signal

MarketClub’s Trade Triangles for EURNOK

long term up The long-term trend has been UP since Feb 3rd, 2020 at 10.25566

intermediate term down The intermediate-term trend has been DOWN since Apr 7th, 2020 at 11.16271

short term down The short-term trend has been DOWN since May 26th, 2020 at 10.88936

Smart Scan Analysis for EURNOK

Based on our trend formula, EURNOK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for EURNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.727580 10.728295 10.665080 10.680645 -0.046935
Prev. Close Volume Bid Ask Time
10.727580 10.678920 10.682370 2020-06-02 03:59:54
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