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Forex Trend Analysis Report

Prepared for you on Monday, October 19, 2020.

Norwegian Krone/Czech Koruna (FOREX:NOKCZK)

Countertrend Up (+85) - NOKCZK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid NOKCZK?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKCZK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NOKCZK
Open High Low NOKCZK Price Change
2.48365 2.50235 2.47795 2.48210 -0.00155
Entry Signal

MarketClub’s Trade Triangles for NOKCZK

long term up The long-term trend has been UP since Oct 13th, 2020 at 2.53280

intermediate term up The intermediate-term trend has been UP since Oct 11th, 2020 at 2.50115

short term down The short-term trend has been DOWN since Oct 15th, 2020 at 2.49960

Smart Scan Analysis for NOKCZK

Based on our trend formula, NOKCZK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for NOKCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.48365 2.50235 2.47795 2.48210 -0.00155
Prev. Close Volume Bid Ask Time
2.48365 2020-10-19 18:42:10
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