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Forex Trend Analysis Report

Prepared for you on Friday, December 1, 2023.

Norwegian Krone/Euro (FOREX:NOKEUR)

Crossroads (+60) - NOKEUR 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 NOKEUR?

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

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

FOREX_NOKEUR
Open High Low NOKEUR Price Change
0.08498500 0.08626338 0.08494155 0.08611855 +0.00113400
Entry Signal

MarketClub’s Trade Triangles for NOKEUR

long term down The long-term trend has been DOWN since Oct 23rd, 2023 at 0.08494833

intermediate term up The intermediate-term trend has been UP since Nov 15th, 2023 at 0.08538100

short term up The short-term trend has been UP since Dec 1st, 2023 at 0.08593050

Smart Scan Analysis for NOKEUR

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

+60
Smart Scan Analysis for NOKEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08498500 0.08626338 0.08494155 0.08611855 +0.00113400
Prev. Close Volume Bid Ask Time
0.08498500 2023-12-01 17:04:00
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