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Forex Trend Analysis Report

Prepared for you on Saturday, June 22, 2024.

US Dollar/Norwegian Krone (FOREX:USDNOK)

Sidelines Mode (+55) - USDNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_USDNOK
Open High Low USDNOK Price Change
10.574255 10.574255 10.574255 10.574255 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDNOK

long term up The long-term trend has been UP since Mar 29th, 2024 at 11.01529

intermediate term up The intermediate-term trend has been UP since Jun 9th, 2024 at 10.74105

short term down The short-term trend has been DOWN since Jun 18th, 2024 at 10.63900

Smart Scan Analysis for USDNOK

Based on our trend formula, USDNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for USDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.574255 10.574255 10.574255 10.574255 0.000000
Prev. Close Volume Bid Ask Time
10.574255 2024-06-22 06:52:06
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