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Forex Trend Analysis Report

Prepared for you on Friday, March 24, 2023.

Norwegian Krone/Danish Krone (FOREX:NOKDKK)

Sidelines Mode (-55) - NOKDKK 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 NOKDKK?

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

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

FOREX_NOKDKK
Open High Low NOKDKK Price Change
0.661440 0.663030 0.656075 0.660505 -0.000935
Entry Signal

MarketClub’s Trade Triangles for NOKDKK

long term down The long-term trend has been DOWN since Sep 30th, 2022 at 0.705895

intermediate term down The intermediate-term trend has been DOWN since Nov 20th, 2022 at 0.705375

short term up The short-term trend has been UP since Mar 21st, 2023 at 0.656075

Smart Scan Analysis for NOKDKK

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

-55
Smart Scan Analysis for NOKDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.661440 0.663030 0.656075 0.660505 -0.000935
Prev. Close Volume Bid Ask Time
0.661440 2023-03-24 15:33:53
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