Forex Trend Analysis Report
Prepared for you on Tuesday, April 20, 2021.
Norwegian Krone/Japanese Yen (FOREX:NOKJPY)
Long-Term Uptrend (+90) - NOKJPY is in a strong uptrend that is likely to continue. While NOKJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution 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.
MarketClub’s Trade Triangles for NOKJPY
The long-term trend has been UP since Dec 31st, 2020 at 12.215250
The intermediate-term trend has been UP since Mar 8th, 2021 at 12.754657
The short-term trend has been UP since Apr 14th, 2021 at 12.934742
Smart Scan Analysis for NOKJPY
Based on our trend formula, NOKJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).