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Forex Trend Analysis Report

Prepared for you on Monday, March 8, 2021.

Norwegian Krone/Swedish Krona (FOREX:NOKSEK)

Long-Term Uptrend (+90) - NOKSEK is in a strong uptrend that is likely to continue. While NOKSEK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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

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

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

FOREX_NOKSEK
Open High Low NOKSEK Price Change
0.999385 1.006895 0.997400 1.005085 +0.005700
Entry Signal

MarketClub’s Trade Triangles for NOKSEK

long term up The long-term trend has been UP since Jan 6th, 2021 at 0.97235

intermediate term up The intermediate-term trend has been UP since Jan 6th, 2021 at 0.96930

short term up The short-term trend has been UP since Feb 24th, 2021 at 0.98140

Smart Scan Analysis for NOKSEK

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

+90
Smart Scan Analysis for NOKSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.999385 1.006895 0.997400 1.005085 +0.005700
Prev. Close Volume Bid Ask Time
0.999385 2021-03-08 19:07:20
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