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Forex Trend Analysis Report

Prepared for you on Wednesday, June 19, 2024.

Norwegian Krone/South African Rand (FOREX:NOKZAR)

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

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
1.7062462 1.7064085 1.6949300 1.6963214 -0.0099250
Entry Signal

MarketClub’s Trade Triangles for NOKZAR

long term down The long-term trend has been DOWN since Mar 29th, 2024 at 1.7176431

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2024 at 1.7131058

short term down The short-term trend has been DOWN since Jun 7th, 2024 at 1.7598818

Smart Scan Analysis for NOKZAR

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

-100
Smart Scan Analysis for NOKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7062462 1.7064085 1.6949300 1.6963214 -0.0099250
Prev. Close Volume Bid Ask Time
1.7062462 2024-06-19 04:11:57
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