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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Japanese Yen/Norwegian Krone (FOREX:JPYNOK)
Long-Term Downtrend (-90) - JPYNOK is in a strong downtrend that is likely to continue. While JPYNOK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution 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.
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MarketClub’s Trade Triangles for JPYNOK
The long-term trend has been DOWN since Nov 7th, 2024 at 0.0712425
The intermediate-term trend has been DOWN since Nov 20th, 2024 at 0.0707370
The short-term trend has been DOWN since Nov 18th, 2024 at 0.0711190
Smart Scan Analysis for JPYNOK
Based on our trend formula, JPYNOK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.070874 | 0.070904 | 0.070610 | 0.070781 | -0.000093 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.070874 | 2024-11-20 04:32:48 |