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Forex Trend Analysis Report
Prepared for you on Wednesday, December 8, 2021.
Norwegian Krone/Euro (FOREX:NOKEUR)
Sidelines Mode (-55) - NOKEUR 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 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.
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MarketClub’s Trade Triangles for NOKEUR
The long-term trend has been DOWN since Dec 1st, 2021 at 0.09687250
The intermediate-term trend has been DOWN since Nov 10th, 2021 at 0.10080138
The short-term trend has been UP since Dec 6th, 2021 at 0.09756074
Smart Scan Analysis for NOKEUR
Based on our trend formula, NOKEUR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.09841550 | 0.09940450 | 0.09825065 | 0.09937200 | +0.00095600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.09841550 | 2021-12-08 16:23:14 |