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Forex Trend Analysis Report

Prepared for you on Thursday, February 20, 2020.

Norwegian Krone/Swedish Krona (FOREX:NOKSEK)

Weak Downtrend (-65) - NOKSEK is showing signs of a strengthening downtrend. Monitor NOKSEK as it may be building momentum to the downside.

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
1.053900 1.054815 1.052720 1.053040 -0.000860
Entry Signal

MarketClub’s Trade Triangles for NOKSEK

long term down The long-term trend has been DOWN since Aug 4th, 2019 at 1.07960

intermediate term down The intermediate-term trend has been DOWN since Jan 23rd, 2020 at 1.05639

short term up The short-term trend has been UP since Feb 19th, 2020 at 1.05245

Smart Scan Analysis for NOKSEK

Based on our trend formula, NOKSEK is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for NOKSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.053900 1.054815 1.052720 1.053040 -0.000860
Prev. Close Volume Bid Ask Time
1.053900 1.052740 1.053340 2020-02-20 04:06:51
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