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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Euro/Norwegian Krone (FOREX:EURNOK)

Bull Market Weakness (+75) - EURNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURNOK as it may be in the beginning stages of a reversal.

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
11.677300 11.723765 11.674370 11.711900 +0.034600
Entry Signal

MarketClub’s Trade Triangles for EURNOK

long term down The long-term trend has been DOWN since Dec 22nd, 2023 at 11.222035

intermediate term up The intermediate-term trend has been UP since Feb 28th, 2024 at 11.499860

short term up The short-term trend has been UP since Mar 27th, 2024 at 11.623770

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
11.677300 11.723765 11.674370 11.711900 +0.034600
Prev. Close Volume Bid Ask Time
11.677300 2024-03-28 18:12:14
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