Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Japanese Yen/Norwegian Krone (FOREX:JPYNOK)
Strong Downtrend (-100) - JPYNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 DOWN since Oct 8th, 2021 at 0.076719
The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 0.077986
The short-term trend has been DOWN since Oct 4th, 2021 at 0.077500
Smart Scan Analysis for JPYNOK
Based on our trend formula, JPYNOK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).