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Forex Trend Analysis Report

Prepared for you on Tuesday, June 18, 2024.

Norwegian Krone/US Dollar (FOREX:NOKUSD)

Strong Downtrend (-100) - NOKUSD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NOKUSD continues to fall. Traders should use caution and set stops.

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
0.09366989 0.09368200 0.09361100 0.09363000 -0.00004000
Entry Signal

MarketClub’s Trade Triangles for NOKUSD

long term down The long-term trend has been DOWN since Apr 1st, 2024 at 0.09183250

intermediate term down The intermediate-term trend has been DOWN since Jun 9th, 2024 at 0.09312593

short term down The short-term trend has been DOWN since Jun 17th, 2024 at 0.09322350

Smart Scan Analysis for NOKUSD

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

-100
Smart Scan Analysis for NOKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.09366989 0.09368200 0.09361100 0.09363000 -0.00004000
Prev. Close Volume Bid Ask Time
0.09366989 2024-06-18 01:23:24
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