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Forex Trend Analysis Report

Prepared for you on Monday, March 18, 2024.

Norwegian Krone/Swedish Krona (FOREX:NOKSEK)

Strong Downtrend (-100) - NOKSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NOKSEK continues to fall. Traders should use caution and set stops.

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

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

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

FOREX_NOKSEK
Open High Low NOKSEK Price Change
0.976520 0.982000 0.975950 0.978705 +0.002185
Entry Signal

MarketClub’s Trade Triangles for NOKSEK

long term down The long-term trend has been DOWN since Mar 14th, 2024 at 0.949660

intermediate term down The intermediate-term trend has been DOWN since Feb 19th, 2024 at 0.977690

short term down The short-term trend has been DOWN since Mar 14th, 2024 at 0.971095

Smart Scan Analysis for NOKSEK

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

-100
Smart Scan Analysis for NOKSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.976520 0.982000 0.975950 0.978705 +0.002185
Prev. Close Volume Bid Ask Time
0.976520 2024-03-18 22:00:56
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