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Forex Trend Analysis Report

Prepared for you on Monday, July 15, 2024.

US Dollar/Norwegian Krone (FOREX:USDNOK)

Bull Market Weakness (+75) - USDNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDNOK as it may be in the beginning stages 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
10.746670 10.819825 10.733590 10.814885 +0.068215
Entry Signal

MarketClub’s Trade Triangles for USDNOK

long term down The long-term trend has been DOWN since Jul 8th, 2024 at 10.32869

intermediate term up The intermediate-term trend has been UP since Jul 9th, 2024 at 10.86271

short term up The short-term trend has been UP since Jul 9th, 2024 at 10.64678

Smart Scan Analysis for USDNOK

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

+70
Smart Scan Analysis for USDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.746670 10.819825 10.733590 10.814885 +0.068215
Prev. Close Volume Bid Ask Time
10.746670 2024-07-15 16:27:11
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