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Forex Trend Analysis Report

Prepared for you on Tuesday, March 21, 2023.

Norwegian Krone/South African Rand (FOREX:NOKZAR)

Weak Uptrend (+65) - NOKZAR is showing signs of weakening momentum to the upside. Monitor NOKZAR as it may be in the beginning stages of a reversal.

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

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

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

FOREX_NOKZAR
Open High Low NOKZAR Price Change
1.7379872 1.7725089 1.7322475 1.7614850 +0.0234980
Entry Signal

MarketClub’s Trade Triangles for NOKZAR

long term up The long-term trend has been UP since Aug 3rd, 2022 at 1.7336840

intermediate term down The intermediate-term trend has been DOWN since Mar 7th, 2023 at 1.7345728

short term up The short-term trend has been UP since Mar 20th, 2023 at 1.7274696

Smart Scan Analysis for NOKZAR

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

+65
Smart Scan Analysis for NOKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7379872 1.7725089 1.7322475 1.7614850 +0.0234980
Prev. Close Volume Bid Ask Time
1.7379872 2023-03-21 11:25:11
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