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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.

FOREX_NOKUSD
Open High Low NOKUSD Price Change
0.10286309 0.10286309 0.10286309 0.10286309 0.00000000
Entry Signal

MarketClub’s Trade Triangles for NOKUSD

long term down The long-term trend has been DOWN since Feb 3rd, 2020 at 0.1081585

intermediate term up The intermediate-term trend has been UP since May 11th, 2020 at 0.0982690

short term up 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).

+60
Smart Scan Analysis for NOKUSD
Strong Downtrend Sideways 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
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