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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Euro/Norwegian Krone (FOREX:EURNOK)
Crossroads (-60) - EURNOK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for EURNOK
The long-term trend has been UP since Jul 19th, 2024 at 11.894445
The intermediate-term trend has been DOWN since Nov 15th, 2024 at 11.697790
The short-term trend has been DOWN since Nov 6th, 2024 at 11.935965
Smart Scan Analysis for EURNOK
Based on our trend formula, EURNOK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.639600 | 11.643960 | 11.629205 | 11.638715 | -0.000885 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.639600 | 2024-11-20 03:33:49 |