Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Norwegian Krone/Japanese Yen (FOREX:NOKJPY)
Countertrend Down (-85) - NOKJPY is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid
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.
MarketClub’s Trade Triangles for NOKJPY
The long-term trend has been DOWN since Feb 3rd, 2020 at 11.744177
The intermediate-term trend has been DOWN since Jan 23rd, 2020 at 12.148139
The short-term trend has been UP since Feb 16th, 2020 at 11.897943
Smart Scan Analysis for NOKJPY
Based on our trend formula, NOKJPY is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).