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Forex Trend Analysis Report

Prepared for you on Monday, February 24, 2020.

New Zealand Dollar/Norwegian Krone (FOREX:NZDNOK)

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

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

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

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

FOREX_NZDNOK
Open High Low NZDNOK Price Change
5.91625 5.93660 5.90100 5.92685 +0.01060
Entry Signal

MarketClub’s Trade Triangles for NZDNOK

long term up The long-term trend has been UP since Aug 5th, 2019 at 5.8389

intermediate term down The intermediate-term trend has been DOWN since Feb 19th, 2020 at 5.9106

short term down The short-term trend has been DOWN since Feb 19th, 2020 at 5.9384

Smart Scan Analysis for NZDNOK

Based on our trend formula, NZDNOK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for NZDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.91625 5.93660 5.90100 5.92685 +0.01060
Prev. Close Volume Bid Ask Time
5.91625 5.92430 5.92940 2020-02-24 23:20:16
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