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Forex Trend Analysis Report

Prepared for you on Saturday, October 23, 2021.

US Dollar/Norwegian Krone (FOREX:USDNOK)

Strong Downtrend (-100) - USDNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

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
8.366085 8.366085 8.366085 8.366085 0.000000
Entry Signal

MarketClub’s Trade Triangles for USDNOK

long term down The long-term trend has been DOWN since Oct 13th, 2021 at 8.508260

intermediate term down The intermediate-term trend has been DOWN since Oct 13th, 2021 at 8.508260

short term down The short-term trend has been DOWN since Oct 11th, 2021 at 8.513175

Smart Scan Analysis for USDNOK

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

-100
Smart Scan Analysis for USDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.366085 8.366085 8.366085 8.366085 0.000000
Prev. Close Volume Bid Ask Time
8.366085 2021-10-23 16:53:51
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