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Forex Trend Analysis Report

Prepared for you on Friday, July 19, 2024.

Norwegian Krone/South African Rand (FOREX:NOKZAR)

Bear Market Rally (-75) - NOKZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NOKZAR as it may be in the beginning of a reversal.

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

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

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

FOREX_NOKZAR
Open High Low NOKZAR Price Change
1.6878600 1.6941003 1.6846178 1.6891550 +0.0012950
Entry Signal

MarketClub’s Trade Triangles for NOKZAR

long term down The long-term trend has been DOWN since Mar 29th, 2024 at 1.7176431

intermediate term down The intermediate-term trend has been DOWN since Jun 17th, 2024 at 1.7131058

short term up The short-term trend has been UP since Jul 17th, 2024 at 1.6961974

Smart Scan Analysis for NOKZAR

Based on our trend formula, NOKZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for NOKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6878600 1.6941003 1.6846178 1.6891550 +0.0012950
Prev. Close Volume Bid Ask Time
1.6878600 2024-07-19 08:02:11
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