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Forex Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
Norwegian Krone/US Dollar (FOREX:NOKUSD)
Crossroads (+60) - NOKUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
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MarketClub’s Trade Triangles for NOKUSD
The long-term trend has been DOWN since Feb 3rd, 2020 at 0.1081585
The intermediate-term trend has been UP since May 11th, 2020 at 0.0982690
The short-term trend has been UP since May 26th, 2020 at 0.1002555
Smart Scan Analysis for NOKUSD
Based on our trend formula, NOKUSD is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.10286309 | 0.10286309 | 0.10286309 | 0.10286309 | 0.00000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.10286309 | 0.10181744 | 0.10390873 | 2020-05-30 21:28:32 |