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Forex Trend Analysis Report

Prepared for you on Monday, April 15, 2024.

New Zealand Dollar/Norwegian Krone (FOREX:NZDNOK)

Sidelines Mode (-55) - NZDNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

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
6.46805 6.49560 6.46270 6.48060 +0.01255
Entry Signal

MarketClub’s Trade Triangles for NZDNOK

long term down The long-term trend has been DOWN since Mar 3rd, 2024 at 6.33100

intermediate term up The intermediate-term trend has been UP since Mar 28th, 2024 at 6.48870

short term down The short-term trend has been DOWN since Apr 14th, 2024 at 6.45795

Smart Scan Analysis for NZDNOK

Based on our trend formula, NZDNOK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NZDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.46805 6.49560 6.46270 6.48060 +0.01255
Prev. Close Volume Bid Ask Time
6.46805 2024-04-15 09:16:59
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