Forex Trend Analysis Report
Prepared for you on Saturday, February 22, 2020.
Japanese Yen/Norwegian Krone (FOREX:JPYNOK)
Crossroads (-60) - JPYNOK 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 JPYNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for JPYNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for JPYNOK
The long-term trend has been UP since Feb 3rd, 2020 at 0.085117
The intermediate-term trend has been DOWN since Feb 20th, 2020 at 0.083019
The short-term trend has been DOWN since Feb 19th, 2020 at 0.083961
Smart Scan Analysis for JPYNOK
Based on our trend formula, JPYNOK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).