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Forex Trend Analysis Report

Prepared for you on Saturday, March 6, 2021.

US Dollar/Norwegian Krone (FOREX:USDNOK)

Crossroads (+60) - USDNOK 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 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
8.542325 8.542325 8.542325 8.542325 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDNOK

long term down The long-term trend has been DOWN since Dec 16th, 2020 at 8.657045

intermediate term up The intermediate-term trend has been UP since Feb 26th, 2021 at 8.653500

short term up The short-term trend has been UP since Mar 5th, 2021 at 8.627580

Smart Scan Analysis for USDNOK

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

+60
Smart Scan Analysis for USDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.542325 8.542325 8.542325 8.542325 0.000000
Prev. Close Volume Bid Ask Time
8.542325 2021-03-06 03:46:35
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