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Forex Trend Analysis Report

Prepared for you on Sunday, May 31, 2020.

Norwegian Krone/Danish Krone (FOREX:NOKDKK)

Crossroads (+60) - NOKDKK is struggling to move into a solid trend. Beware of choppy markets 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
0.690495 0.690495 0.686795 0.689880 -0.000615
Entry Signal

MarketClub’s Trade Triangles for NOKDKK

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 0.728470

intermediate term up The intermediate-term trend has been UP since Apr 7th, 2020 at 0.668450

short term up The short-term trend has been UP since May 26th, 2020 at 0.685965

Smart Scan Analysis for NOKDKK

Based on our trend formula, NOKDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for NOKDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.690495 0.690495 0.686795 0.689880 -0.000615
Prev. Close Volume Bid Ask Time
0.690495 0.688500 0.691260 2020-05-31 16:59:03
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