Forex Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
Japanese Yen/Norwegian Krone (FOREX:JPYNOK)
Countertrend Down (-85) - JPYNOK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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 DOWN since Oct 8th, 2021 at 0.0767190
The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 0.0779860
The short-term trend has been UP since Oct 27th, 2021 at 0.0736575
Smart Scan Analysis for JPYNOK
Based on our trend formula, JPYNOK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).