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Forex Trend Analysis Report

Prepared for you on Wednesday, August 5, 2020.

Norwegian Krone/Euro (FOREX:NOKEUR)

Bull Market Weakness (+75) - NOKEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NOKEUR as it may be in the beginning stages of a reversal.

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

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

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

FOREX_NOKEUR
Open High Low NOKEUR Price Change
0.09325094 0.09397702 0.09313329 0.09393465 +0.00068400
Entry Signal

MarketClub’s Trade Triangles for NOKEUR

long term up The long-term trend has been UP since Jul 21st, 2020 at 0.09589107

intermediate term down The intermediate-term trend has been DOWN since Jul 30th, 2020 at 0.09273377

short term up The short-term trend has been UP since Aug 5th, 2020 at 0.09350053

Smart Scan Analysis for NOKEUR

Based on our trend formula, NOKEUR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for NOKEUR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.09325094 0.09397702 0.09313329 0.09393465 +0.00068400
Prev. Close Volume Bid Ask Time
0.09325094 0.09391585 0.09395344 2020-08-05 09:56:23
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