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Forex Trend Analysis Report

Prepared for you on Tuesday, September 21, 2021.

Norwegian Krone/Danish Krone (FOREX:NOKDKK)

Sidelines Mode (-55) - NOKDKK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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

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

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

FOREX_NOKDKK
Open High Low NOKDKK Price Change
0.728975 0.731985 0.727855 0.730380 +0.001405
Entry Signal

MarketClub’s Trade Triangles for NOKDKK

long term down The long-term trend has been DOWN since Jul 8th, 2021 at 0.719130

intermediate term up The intermediate-term trend has been UP since Aug 25th, 2021 at 0.718350

short term down The short-term trend has been DOWN since Sep 19th, 2021 at 0.727785

Smart Scan Analysis for NOKDKK

Based on our trend formula, NOKDKK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NOKDKK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.728975 0.731985 0.727855 0.730380 +0.001405
Prev. Close Volume Bid Ask Time
0.728975 2021-09-21 16:12:13
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