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Forex Trend Analysis Report

Prepared for you on Saturday, August 13, 2022.

US Dollar/Norwegian Krone (FOREX:USDNOK)

Sidelines Mode (-55) - USDNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
9.56974 9.56974 9.56974 9.56974 0.00000
Entry Signal

MarketClub’s Trade Triangles for USDNOK

long term up The long-term trend has been UP since Nov 26th, 2021 at 9.10380

intermediate term down The intermediate-term trend has been DOWN since Jul 29th, 2022 at 9.65710

short term up The short-term trend has been UP since Aug 12th, 2022 at 9.74937

Smart Scan Analysis for USDNOK

Based on our trend formula, USDNOK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for USDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.56974 9.56974 9.56974 9.56974 0.00000
Prev. Close Volume Bid Ask Time
9.56974 2022-08-13 23:34:55
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