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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.

FOREX_NOKJPY
Open High Low NOKJPY Price Change
11.884395 11.904294 11.850846 11.868850 -0.015545
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 down The intermediate-term trend has been DOWN since Jan 23rd, 2020 at 12.148139

short term up 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).

-85
Smart Scan Analysis for NOKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.884395 11.904294 11.850846 11.868850 -0.015545
Prev. Close Volume Bid Ask Time
11.884395 11.858690 11.879010 2020-02-17 17:40:04
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