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Forex Trend Analysis Report

Prepared for you on Friday, January 28, 2022.

Euro/Norwegian Krone (FOREX:EURNOK)

Countertrend Up (+85) - EURNOK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
9.965200 10.042845 9.953920 10.038650 +0.073450
Entry Signal

MarketClub’s Trade Triangles for EURNOK

long term up The long-term trend has been UP since Dec 1st, 2021 at 10.322955

intermediate term up The intermediate-term trend has been UP since Jan 14th, 2022 at 10.350070

short term down The short-term trend has been DOWN since Jan 26th, 2022 at 10.057540

Smart Scan Analysis for EURNOK

Based on our trend formula, EURNOK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for EURNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
9.965200 10.042845 9.953920 10.038650 +0.073450
Prev. Close Volume Bid Ask Time
9.965200 2022-01-28 07:49:36
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