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Forex Trend Analysis Report

Prepared for you on Wednesday, June 23, 2021.

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
0.991995 0.997975 0.991800 0.994900 +0.002905
Entry Signal

MarketClub’s Trade Triangles for NOKSEK

long term up The long-term trend has been UP since Jan 6th, 2021 at 0.972350

intermediate term down The intermediate-term trend has been DOWN since Jun 21st, 2021 at 0.990100

short term up The short-term trend has been UP since Jun 23rd, 2021 at 0.997435

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
0.991995 0.997975 0.991800 0.994900 +0.002905
Prev. Close Volume Bid Ask Time
0.991995 2021-06-23 08:12:10
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