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Forex Trend Analysis Report

Prepared for you on Wednesday, October 27, 2021.

Norwegian Krone/US Dollar (FOREX:NOKUSD)

Long-Term Uptrend (+90) - NOKUSD is in a strong uptrend that is likely to continue. While NOKUSD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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

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

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

FOREX_NOKUSD
Open High Low NOKUSD Price Change
0.11957550 0.11965419 0.11948500 0.11951600 -0.00006000
Entry Signal

MarketClub’s Trade Triangles for NOKUSD

long term up The long-term trend has been UP since Oct 8th, 2021 at 0.1173090

intermediate term up The intermediate-term trend has been UP since Oct 8th, 2021 at 0.1171964

short term up The short-term trend has been UP since Oct 13th, 2021 at 0.1174760

Smart Scan Analysis for NOKUSD

Based on our trend formula, NOKUSD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for NOKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.11957550 0.11965419 0.11948500 0.11951600 -0.00006000
Prev. Close Volume Bid Ask Time
0.11957550 2021-10-27 01:56:04
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