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Forex Trend Analysis Report

Prepared for you on Thursday, December 2, 2021.

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, SHORTSYMBOL 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
12.448165 12.508053 12.420525 12.455610 +0.007445
Entry Signal

MarketClub’s Trade Triangles for NOKJPY

long term down The long-term trend has been DOWN since Dec 1st, 2021 at 12.400116

intermediate term down The intermediate-term trend has been DOWN since Nov 8th, 2021 at 13.221859

short term down The short-term trend has been DOWN since Oct 27th, 2021 at 13.572279

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
12.448165 12.508053 12.420525 12.455610 +0.007445
Prev. Close Volume Bid Ask Time
12.448165 2021-12-02 06:15:32
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