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Forex Trend Analysis Report

Prepared for you on Monday, October 25, 2021.

US Dollar/Norwegian Krone (FOREX:USDNOK)

Long-Term Downtrend (-90) - USDNOK is in a strong downtrend that is likely to continue. While USDNOK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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
8.33180 8.36190 8.31769 8.34992 +0.01812
Entry Signal

MarketClub’s Trade Triangles for USDNOK

long term down The long-term trend has been DOWN since Oct 13th, 2021 at 8.508260

intermediate term down The intermediate-term trend has been DOWN since Oct 13th, 2021 at 8.508260

short term down The short-term trend has been DOWN since Oct 11th, 2021 at 8.513175

Smart Scan Analysis for USDNOK

Based on our trend formula, USDNOK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for USDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.33180 8.36190 8.31769 8.34992 +0.01812
Prev. Close Volume Bid Ask Time
8.33180 2021-10-25 06:11:11
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