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Forex Trend Analysis Report

Prepared for you on Thursday, April 9, 2020.

Norwegian Krone/Czech Koruna (FOREX:NOKCZK)

Sidelines Mode (-55) - NOKCZK 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 NOKCZK?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKCZK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low NOKCZK Price Change
2.44190 2.44615 2.41125 2.41415 -0.02775
Entry Signal

MarketClub’s Trade Triangles for NOKCZK

long term down The long-term trend has been DOWN since Aug 2nd, 2019 at 2.60500

intermediate term up The intermediate-term trend has been UP since Apr 1st, 2020 at 2.41715

short term down The short-term trend has been DOWN since Apr 7th, 2020 at 2.41570

Smart Scan Analysis for NOKCZK

Based on our trend formula, NOKCZK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for NOKCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.44190 2.44615 2.41125 2.41415 -0.02775
Prev. Close Volume Bid Ask Time
2.44190 2.41210 2.41620 2020-04-09 07:37:27
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