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Forex Trend Analysis Report

Prepared for you on Tuesday, May 11, 2021.

US Dollar/Norwegian Krone (FOREX:USDNOK)

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

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

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

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

FOREX_USDNOK
Open High Low USDNOK Price Change
8.27182 8.28920 8.23231 8.25934 -0.01248
Entry Signal

MarketClub’s Trade Triangles for USDNOK

long term down The long-term trend has been DOWN since Dec 16th, 2020 at 8.657045

intermediate term down The intermediate-term trend has been DOWN since Apr 14th, 2021 at 8.437100

short term up The short-term trend has been UP since Apr 13th, 2021 at 8.532500

Smart Scan Analysis for USDNOK

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

-75
Smart Scan Analysis for USDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.27182 8.28920 8.23231 8.25934 -0.01248
Prev. Close Volume Bid Ask Time
8.27182 2021-05-11 15:50:43
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