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Forex Trend Analysis Report

Prepared for you on Saturday, January 28, 2023.

Norwegian Krone/Swedish Krona (FOREX:NOKSEK)

Sidelines Mode (-55) - NOKSEK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
1.040885 1.045555 1.039495 1.042980 +0.002095
Entry Signal

MarketClub’s Trade Triangles for NOKSEK

long term up The long-term trend has been UP since Aug 12th, 2022 at 1.058430

intermediate term down The intermediate-term trend has been DOWN since Jan 19th, 2023 at 1.036145

short term up The short-term trend has been UP since Jan 27th, 2023 at 1.044795

Smart Scan Analysis for NOKSEK

Based on our trend formula, NOKSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NOKSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.040885 1.045555 1.039495 1.042980 +0.002095
Prev. Close Volume Bid Ask Time
1.040885 2023-01-27 17:03:34
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