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Forex Trend Analysis Report

Prepared for you on Thursday, June 4, 2020.

Norwegian Krone/South African Rand (FOREX:NOKZAR)

Crossroads (+60) - NOKZAR 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 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
1.7882638 1.7967139 1.7849962 1.7941462 +0.0058820
Entry Signal

MarketClub’s Trade Triangles for NOKZAR

long term up The long-term trend has been UP since Apr 2nd, 2020 at 1.7878517

intermediate term down The intermediate-term trend has been DOWN since May 24th, 2020 at 1.7554950

short term down The short-term trend has been DOWN since Jun 3rd, 2020 at 1.7904150

Smart Scan Analysis for NOKZAR

Based on our trend formula, NOKZAR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for NOKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7882638 1.7967139 1.7849962 1.7941462 +0.0058820
Prev. Close Volume Bid Ask Time
1.7882638 1.7938011 1.7944913 2020-06-04 05:12:58
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