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Forex Trend Analysis Report

Prepared for you on Thursday, June 1, 2023.

Norwegian Krone/Japanese Yen (FOREX:NOKJPY)

Strong Downtrend (-100) - NOKJPY is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NOKJPY continues to fall. Traders should use caution and set stops.

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

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

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

FOREX_NOKJPY
Open High Low NOKJPY Price Change
12.620692 12.621554 12.437685 12.552683 -0.068009
Entry Signal

MarketClub’s Trade Triangles for NOKJPY

long term down The long-term trend has been DOWN since Feb 2nd, 2023 at 12.848026

intermediate term down The intermediate-term trend has been DOWN since Apr 25th, 2023 at 12.499672

short term down The short-term trend has been DOWN since May 29th, 2023 at 12.620662

Smart Scan Analysis for NOKJPY

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

-100
Smart Scan Analysis for NOKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
12.620692 12.621554 12.437685 12.552683 -0.068009
Prev. Close Volume Bid Ask Time
12.620692 2023-06-01 15:33:12
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