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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

Norwegian Krone/Japanese Yen (FOREX:NOKJPY)

Weak Downtrend (-65) - NOKJPY is showing signs of a strengthening downtrend. Monitor NOKJPY as it may be building momentum to the downside.

Is it time to buy, sell, or avoid NOKJPY?

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

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

FOREX_NOKJPY
Open High Low NOKJPY Price Change
14.140605 14.198313 14.027845 14.090504 -0.050101
Entry Signal

MarketClub’s Trade Triangles for NOKJPY

long term up The long-term trend has been UP since Dec 25th, 2023 at 14.095795

intermediate term down The intermediate-term trend has been DOWN since Mar 11th, 2024 at 14.036000

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 14.079679

Smart Scan Analysis for NOKJPY

Based on our trend formula, NOKJPY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for NOKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.140605 14.198313 14.027845 14.090504 -0.050101
Prev. Close Volume Bid Ask Time
14.140605 2024-04-15 18:58:53
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