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Forex Trend Analysis Report

Prepared for you on Monday, July 4, 2022.

Norwegian Krone/Danish Krone (FOREX:NOKDKK)

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

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
0.716850 0.727285 0.716605 0.725465 +0.008615
Entry Signal

MarketClub’s Trade Triangles for NOKDKK

long term down The long-term trend has been DOWN since May 9th, 2022 at 0.728890

intermediate term down The intermediate-term trend has been DOWN since Apr 24th, 2022 at 0.768755

short term up The short-term trend has been UP since Jul 4th, 2022 at 0.721490

Smart Scan Analysis for NOKDKK

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

-65
Smart Scan Analysis for NOKDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.716850 0.727285 0.716605 0.725465 +0.008615
Prev. Close Volume Bid Ask Time
0.716850 2022-07-04 23:52:56
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