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.
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 UP since May 11th, 2020 at 10.509619
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).