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Forex Trend Analysis Report

Prepared for you on Wednesday, April 24, 2024.

Japanese Yen/Norwegian Krone (FOREX:JPYNOK)

Weak Downtrend (-65) - JPYNOK is showing signs of a strengthening downtrend. Monitor JPYNOK as it may be building momentum to the downside.

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.

FOREX_JPYNOK
Open High Low JPYNOK Price Change
0.070312 0.071013 0.070295 0.070965 +0.000653
Entry Signal

MarketClub’s Trade Triangles for JPYNOK

long term down The long-term trend has been DOWN since Dec 25th, 2023 at 0.070947

intermediate term up The intermediate-term trend has been UP since Mar 11th, 2024 at 0.071244

short term down The short-term trend has been DOWN since Apr 22nd, 2024 at 0.071055

Smart Scan Analysis for JPYNOK

Based on our trend formula, JPYNOK is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for JPYNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.070312 0.071013 0.070295 0.070965 +0.000653
Prev. Close Volume Bid Ask Time
0.070312 2024-04-24 11:17:56
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