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Forex Trend Analysis Report

Prepared for you on Friday, December 8, 2023.

Norwegian Krone/New Zealand Dollar (FOREX:NOKNZD)

Long-Term Downtrend (-90) - NOKNZD is in a strong downtrend that is likely to continue. While NOKNZD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid NOKNZD?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKNZD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NOKNZD
Open High Low NOKNZD Price Change
0.1492965 0.1500345 0.1491700 0.1497870 +0.0004910
Entry Signal

MarketClub’s Trade Triangles for NOKNZD

long term down The long-term trend has been DOWN since Nov 3rd, 2023 at 0.1523535

intermediate term down The intermediate-term trend has been DOWN since Nov 30th, 2023 at 0.1497775

short term down The short-term trend has been DOWN since Nov 23rd, 2023 at 0.1536550

Smart Scan Analysis for NOKNZD

Based on our trend formula, NOKNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NOKNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1492965 0.1500345 0.1491700 0.1497870 +0.0004910
Prev. Close Volume Bid Ask Time
0.1492965 2023-12-08 17:06:55
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