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Forex Trend Analysis Report

Prepared for you on Thursday, March 30, 2023.

Norwegian Krone/Euro (FOREX:NOKEUR)

Long-Term Downtrend (-90) - NOKEUR is in a strong downtrend that is likely to continue. While NOKEUR is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
0.08839150 0.08863196 0.08793988 0.08828799 -0.00010400
Entry Signal

MarketClub’s Trade Triangles for NOKEUR

long term down The long-term trend has been DOWN since Sep 30th, 2022 at 0.09477503

intermediate term down The intermediate-term trend has been DOWN since Nov 20th, 2022 at 0.09483168

short term down The short-term trend has been DOWN since Mar 30th, 2023 at 0.08799800

Smart Scan Analysis for NOKEUR

Based on our trend formula, NOKEUR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NOKEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.08839150 0.08863196 0.08793988 0.08828799 -0.00010400
Prev. Close Volume Bid Ask Time
0.08839150 2023-03-30 22:14:37
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