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Forex Trend Analysis Report

Prepared for you on Tuesday, May 28, 2024.

Euro/Norwegian Krone (FOREX:EURNOK)

Crossroads (-60) - EURNOK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
11.386450 11.433770 11.384075 11.419405 +0.032955
Entry Signal

MarketClub’s Trade Triangles for EURNOK

long term up The long-term trend has been UP since Mar 29th, 2024 at 11.870400

intermediate term down The intermediate-term trend has been DOWN since May 15th, 2024 at 11.645685

short term down The short-term trend has been DOWN since May 10th, 2024 at 11.664800

Smart Scan Analysis for EURNOK

Based on our trend formula, EURNOK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for EURNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.386450 11.433770 11.384075 11.419405 +0.032955
Prev. Close Volume Bid Ask Time
11.386450 2024-05-28 23:12:32
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