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Forex Trend Analysis Report

Prepared for you on Tuesday, June 2, 2020.

US Dollar/Norwegian Krone (FOREX:USDNOK)

Weak Downtrend (-65) - USDNOK is showing signs of a strengthening downtrend. Monitor USDNOK as it may be building momentum to the downside.

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
9.641950 9.643345 9.598300 9.628370 -0.013580
Entry Signal

MarketClub’s Trade Triangles for USDNOK

long term up The long-term trend has been UP since Feb 3rd, 2020 at 9.245560

intermediate term down The intermediate-term trend has been DOWN since May 11th, 2020 at 10.178285

short term down The short-term trend has been DOWN since May 26th, 2020 at 9.905900

Smart Scan Analysis for USDNOK

Based on our trend formula, USDNOK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.641950 9.643345 9.598300 9.628370 -0.013580
Prev. Close Volume Bid Ask Time
9.641950 9.625500 9.631240 2020-06-02 02:03:37
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