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Forex Trend Analysis Report

Prepared for you on Wednesday, May 29, 2024.

Norwegian Krone/Qatari Rial (FOREX:NOKQAR)

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

Is it time to buy, sell, or avoid NOKQAR?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKQAR.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NOKQAR
Open High Low NOKQAR Price Change
0.34680319 0.34752847 0.34680319 0.34752847 +0.00072500
Entry Signal

MarketClub’s Trade Triangles for NOKQAR

long term down The long-term trend has been DOWN since Apr 14th, 2024 at 0.33572630

intermediate term up The intermediate-term trend has been UP since May 7th, 2024 at 0.33529487

short term up The short-term trend has been UP since May 10th, 2024 at 0.33569649

Smart Scan Analysis for NOKQAR

Based on our trend formula, NOKQAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for NOKQAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.34680319 0.34752847 0.34680319 0.34752847 +0.00072500
Prev. Close Volume Bid Ask Time
0.34759077 2024-05-27 21:00:59
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