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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.

FOREX_NOKEUR
Open High Low NOKEUR Price Change
0.09841550 0.09940450 0.09825065 0.09937200 +0.00095600
Entry Signal

MarketClub’s Trade Triangles for NOKEUR

long term down The long-term trend has been DOWN since Dec 1st, 2021 at 0.09687250

intermediate term down The intermediate-term trend has been DOWN since Nov 10th, 2021 at 0.10080138

short term up 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).

-55
Smart Scan Analysis for NOKEUR
Strong Downtrend Sideways 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
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