Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Japanese Yen/Norwegian Krone (FOREX:JPYNOK)
Sidelines Mode (+55) - JPYNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 Feb 3rd, 2020 at 0.085117
The intermediate-term trend has been DOWN since May 11th, 2020 at 0.095149
The short-term trend has been UP since May 22nd, 2020 at 0.093748
Smart Scan Analysis for JPYNOK
Based on our trend formula, JPYNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).