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Forex Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

Norwegian Krone/Swedish Krona (FOREX:NOKSEK)

Bear Market Rally (-75) - NOKSEK is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NOKSEK as it may be in the beginning of a reversal.

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
0.994400 0.997180 0.988900 0.993185 -0.001215
Entry Signal

MarketClub’s Trade Triangles for NOKSEK

long term down The long-term trend has been DOWN since Feb 9th, 2023 at 1.020885

intermediate term down The intermediate-term trend has been DOWN since Jan 19th, 2023 at 1.036145

short term up The short-term trend has been UP since Mar 23rd, 2023 at 0.991640

Smart Scan Analysis for NOKSEK

Based on our trend formula, NOKSEK is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for NOKSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.994400 0.997180 0.988900 0.993185 -0.001215
Prev. Close Volume Bid Ask Time
0.994400 2023-03-28 10:07:49
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