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Forex Trend Analysis Report

Prepared for you on Friday, January 21, 2022.

New Zealand Dollar/Norwegian Krone (FOREX:NZDNOK)

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

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
5.94485 5.94950 5.94450 5.94740 +0.00255
Entry Signal

MarketClub’s Trade Triangles for NZDNOK

long term down The long-term trend has been DOWN since Oct 1st, 2021 at 6.0023

intermediate term down The intermediate-term trend has been DOWN since Dec 8th, 2021 at 6.0919

short term up The short-term trend has been UP since Jan 18th, 2022 at 5.9823

Smart Scan Analysis for NZDNOK

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

-75
Smart Scan Analysis for NZDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.94485 5.94950 5.94450 5.94740 +0.00255
Prev. Close Volume Bid Ask Time
5.94485 2022-01-21 01:04:52
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