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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.

FOREX_JPYNOK
Open High Low JPYNOK Price Change
0.073371 0.074196 0.073294 0.073729 +0.000358
Entry Signal

MarketClub’s Trade Triangles for JPYNOK

long term down The long-term trend has been DOWN since Oct 8th, 2021 at 0.0767190

intermediate term down The intermediate-term trend has been DOWN since Sep 23rd, 2021 at 0.0779860

short term up 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).

-85
Smart Scan Analysis for JPYNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.073371 0.074196 0.073294 0.073729 +0.000358
Prev. Close Volume Bid Ask Time
0.073371 2021-10-27 14:21:37
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