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Forex Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

Norwegian Krone/Japanese Yen (FOREX:NOKJPY)

Countertrend Up (+85) - NOKJPY 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 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
13.868939 13.922047 13.790000 13.905000 +0.036061
Entry Signal

MarketClub’s Trade Triangles for NOKJPY

long term up The long-term trend has been UP since Nov 7th, 2024 at 14.039000

intermediate term up The intermediate-term trend has been UP since Dec 24th, 2024 at 13.914648

short term down The short-term trend has been DOWN since Dec 25th, 2024 at 13.713000

Smart Scan Analysis for NOKJPY

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

+85
Smart Scan Analysis for NOKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.868939 13.922047 13.790000 13.905000 +0.036061
Prev. Close Volume Bid Ask Time
13.868939 2024-12-26 12:12:53
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