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Forex Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

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
0.641515 0.641805 0.634515 0.635970 -0.005545
Entry Signal

MarketClub’s Trade Triangles for NOKDKK

long term down The long-term trend has been DOWN since Oct 23rd, 2023 at 0.63302

intermediate term up The intermediate-term trend has been UP since Nov 15th, 2023 at 0.63732

short term up The short-term trend has been UP since Dec 1st, 2023 at 0.64071

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
0.641515 0.641805 0.634515 0.635970 -0.005545
Prev. Close Volume Bid Ask Time
0.641515 2023-12-04 11:45:16
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