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.
MarketClub’s Trade Triangles for NOKJPY
The long-term trend has been DOWN since Feb 2nd, 2023 at 12.848026
The intermediate-term trend has been DOWN since Apr 25th, 2023 at 12.499672
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).