Forex Trend Analysis Report
Prepared for you on Monday, March 27, 2023.
Japanese Yen/Norwegian Krone (FOREX:JPYNOK)
Long-Term Uptrend (+90) - JPYNOK is in a strong uptrend that is likely to continue. While JPYNOK 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 JPYNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYNOK
The long-term trend has been UP since Sep 28th, 2022 at 0.0760060
The intermediate-term trend has been UP since Mar 7th, 2023 at 0.0773895
The short-term trend has been UP since Mar 24th, 2023 at 0.0814020
Smart Scan Analysis for JPYNOK
Based on our trend formula, JPYNOK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).