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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

Euro/Norwegian Krone (FOREX:EURNOK)

Strong Downtrend (-100) - EURNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
9.724115 9.734600 9.688365 9.688495 -0.035620
Entry Signal

MarketClub’s Trade Triangles for EURNOK

long term down The long-term trend has been DOWN since Sep 23rd, 2021 at 10.040315

intermediate term down The intermediate-term trend has been DOWN since Aug 24th, 2021 at 10.350340

short term down The short-term trend has been DOWN since Oct 12th, 2021 at 9.856135

Smart Scan Analysis for EURNOK

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

-100
Smart Scan Analysis for EURNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.724115 9.734600 9.688365 9.688495 -0.035620
Prev. Close Volume Bid Ask Time
9.724115 2021-10-22 05:07:55
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