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Forex Trend Analysis Report

Prepared for you on Friday, December 6, 2024.

Euro/Norwegian Krone (FOREX:EURNOK)

Bull Market Weakness (+75) - EURNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on EURNOK as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid EURNOK?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURNOK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURNOK
Open High Low EURNOK Price Change
11.691930 11.805925 11.683850 11.789300 +0.097370
Entry Signal

MarketClub’s Trade Triangles for EURNOK

long term up The long-term trend has been UP since Jul 19th, 2024 at 11.894445

intermediate term down The intermediate-term trend has been DOWN since Nov 15th, 2024 at 11.697790

short term up The short-term trend has been UP since Dec 5th, 2024 at 11.683060

Smart Scan Analysis for EURNOK

Based on our trend formula, EURNOK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for EURNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.691930 11.805925 11.683850 11.789300 +0.097370
Prev. Close Volume Bid Ask Time
11.691930 2024-12-06 21:55:18
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