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Forex Trend Analysis Report

Prepared for you on Monday, August 15, 2022.

Norwegian Krone/Japanese Yen (FOREX:NOKJPY)

Countertrend Up (+85) - NOKJPY is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
13.870700 13.897210 13.832144 13.888110 +0.017410
Entry Signal

MarketClub’s Trade Triangles for NOKJPY

long term up The long-term trend has been UP since Mar 16th, 2022 at 13.278895

intermediate term up The intermediate-term trend has been UP since Jul 19th, 2022 at 13.956605

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 13.870236

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).

+85
Smart Scan Analysis for NOKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.870700 13.897210 13.832144 13.888110 +0.017410
Prev. Close Volume Bid Ask Time
13.870700 2022-08-15 03:50:27
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