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Forex Trend Analysis Report

Prepared for you on Wednesday, June 23, 2021.

Euro/Norwegian Krone (FOREX:EURNOK)

Sidelines Mode (+55) - EURNOK 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 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
10.20590 10.20740 10.13502 10.17377 -0.03213
Entry Signal

MarketClub’s Trade Triangles for EURNOK

long term down The long-term trend has been DOWN since Dec 21st, 2020 at 10.382565

intermediate term up The intermediate-term trend has been UP since May 12th, 2021 at 10.091200

short term down The short-term trend has been DOWN since Jun 23rd, 2021 at 10.169520

Smart Scan Analysis for EURNOK

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

+55
Smart Scan Analysis for EURNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.20590 10.20740 10.13502 10.17377 -0.03213
Prev. Close Volume Bid Ask Time
10.20590 2021-06-23 08:29:19
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