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Forex Trend Analysis Report

Prepared for you on Friday, April 19, 2024.

Norwegian Krone/Japanese Yen (FOREX:NOKJPY)

Crossroads (-60) - NOKJPY 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 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
13.945109 13.978110 13.932233 13.941000 -0.004109
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 -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for NOKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.945109 13.978110 13.932233 13.941000 -0.004109
Prev. Close Volume Bid Ask Time
13.945109 2024-04-19 01:28:40
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