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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
US Dollar/Norwegian Krone (FOREX:USDNOK)
Weak Uptrend (+65) - USDNOK is showing signs of weakening momentum to the upside. Monitor USDNOK as it may be in the beginning stages of a reversal.
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.
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MarketClub’s Trade Triangles for USDNOK
The long-term trend has been UP since Jul 23rd, 2024 at 11.143385
The intermediate-term trend has been UP since Oct 10th, 2024 at 10.871100
The short-term trend has been DOWN since Nov 18th, 2024 at 11.038860
Smart Scan Analysis for USDNOK
Based on our trend formula, USDNOK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.987000 | 11.015450 | 10.978815 | 11.015450 | +0.028450 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.987000 | 2024-11-20 03:45:08 |