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Forex Trend Analysis Report

Prepared for you on Monday, May 29, 2023.

Euro/Norwegian Krone (FOREX:EURNOK)

Long-Term Uptrend (+90) - EURNOK is in a strong uptrend that is likely to continue. While EURNOK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
11.900430 11.927560 11.882035 11.892700 -0.007730
Entry Signal

MarketClub’s Trade Triangles for EURNOK

long term up The long-term trend has been UP since Sep 30th, 2022 at 10.570610

intermediate term up The intermediate-term trend has been UP since Nov 20th, 2022 at 10.545000

short term up The short-term trend has been UP since May 11th, 2023 at 11.656105

Smart Scan Analysis for EURNOK

Based on our trend formula, EURNOK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for EURNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.900430 11.927560 11.882035 11.892700 -0.007730
Prev. Close Volume Bid Ask Time
11.900430 2023-05-29 17:13:52
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