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Forex Trend Analysis Report

Prepared for you on Thursday, May 30, 2024.

Norwegian Krone/Japanese Yen (FOREX:NOKJPY)

Bull Market Weakness (+75) - NOKJPY is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NOKJPY as it may be in the beginning stages of a reversal.

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
14.844275 14.852704 14.770427 14.771550 -0.072725
Entry Signal

MarketClub’s Trade Triangles for NOKJPY

long term up The long-term trend has been UP since Dec 25th, 2023 at 14.095795

intermediate term up The intermediate-term trend has been UP since Apr 26th, 2024 at 14.273769

short term down The short-term trend has been DOWN since May 30th, 2024 at 14.805798

Smart Scan Analysis for NOKJPY

Based on our trend formula, NOKJPY is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for NOKJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
14.844275 14.852704 14.770427 14.771550 -0.072725
Prev. Close Volume Bid Ask Time
14.844275 2024-05-30 02:56:28
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