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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

Norwegian Krone/Czech Koruna (FOREX:NOKCZK)

Long-Term Downtrend (-90) - NOKCZK is in a strong downtrend that is likely to continue. While NOKCZK 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 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
2.1637 2.1653 2.1597 2.1643 +0.0006
Entry Signal

MarketClub’s Trade Triangles for NOKCZK

long term down The long-term trend has been DOWN since Apr 1st, 2024 at 2.14935

intermediate term down The intermediate-term trend has been DOWN since Jul 15th, 2024 at 2.16200

short term down The short-term trend has been DOWN since Jul 10th, 2024 at 2.18510

Smart Scan Analysis for NOKCZK

Based on our trend formula, NOKCZK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NOKCZK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.1637 2.1653 2.1597 2.1643 +0.0006
Prev. Close Volume Bid Ask Time
2.1637 2024-07-15 04:38:08
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