Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

Norwegian Krone/Japanese Yen (FOREX:NOKJPY)

Bull Market Weakness (+75) - NOKJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NOKJPY as it may be in the beginning stages of a reversal.

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
11.172838 11.306918 11.169122 11.284162 +0.111324
Entry Signal

MarketClub’s Trade Triangles for NOKJPY

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 11.744177

intermediate term up The intermediate-term trend has been UP since May 11th, 2020 at 10.509619

short term up The short-term trend has been UP since May 26th, 2020 at 10.784340

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
11.172838 11.306918 11.169122 11.284162 +0.111324
Prev. Close Volume Bid Ask Time
11.172838 11.282085 11.286238 2020-06-02 05:42:21
Get a free daily analysis and signals for Norwegian Krone/Japanese Yen (NOKJPY) - Request Your Free Report.