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Forex Trend Analysis Report

Prepared for you on Thursday, December 7, 2023.

Norwegian Krone/South African Rand (FOREX:NOKZAR)

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

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
1.7292500 1.7324600 1.7176431 1.7261250 -0.0031250
Entry Signal

MarketClub’s Trade Triangles for NOKZAR

long term down The long-term trend has been DOWN since Oct 15th, 2023 at 1.7231592

intermediate term up The intermediate-term trend has been UP since Nov 19th, 2023 at 1.6997233

short term down The short-term trend has been DOWN since Dec 4th, 2023 at 1.7346200

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
1.7292500 1.7324600 1.7176431 1.7261250 -0.0031250
Prev. Close Volume Bid Ask Time
1.7292500 2023-12-07 16:17:06
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