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Forex Trend Analysis Report

Prepared for you on Friday, August 19, 2022.

Norwegian Krone/US Dollar (FOREX:NOKUSD)

Weak Downtrend (-65) - NOKUSD is showing signs of a strengthening downtrend. Monitor NOKUSD as it may be building momentum to the downside.

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

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

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

FOREX_NOKUSD
Open High Low NOKUSD Price Change
0.10257600 0.10266350 0.10180911 0.10197250 -0.00060400
Entry Signal

MarketClub’s Trade Triangles for NOKUSD

long term down The long-term trend has been DOWN since Nov 29th, 2021 at 0.10984500

intermediate term up The intermediate-term trend has been UP since Jul 27th, 2022 at 0.10246882

short term down The short-term trend has been DOWN since Aug 15th, 2022 at 0.10407350

Smart Scan Analysis for NOKUSD

Based on our trend formula, NOKUSD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for NOKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.10257600 0.10266350 0.10180911 0.10197250 -0.00060400
Prev. Close Volume Bid Ask Time
0.10257600 2022-08-19 16:36:47
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