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Forex Trend Analysis Report

Prepared for you on Sunday, October 1, 2023.

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
10.677605 10.677605 10.677605 10.677605 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDNOK

long term up The long-term trend has been UP since Mar 1st, 2023 at 10.465105

intermediate term down The intermediate-term trend has been DOWN since Sep 29th, 2023 at 10.598690

short term down The short-term trend has been DOWN since Sep 27th, 2023 at 10.721460

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
10.677605 10.677605 10.677605 10.677605 0.000000
Prev. Close Volume Bid Ask Time
10.677605 2023-10-01 05:01:05
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