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Forex Trend Analysis Report

Prepared for you on Wednesday, January 15, 2025.

US Dollar/Norwegian Krone (FOREX:USDNOK)

Weak Downtrend (-65) - USDNOK is showing signs of a strengthening downtrend. Monitor USDNOK as it may be building momentum to the downside.

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
11.380030 11.390475 11.337745 11.361485 -0.018545
Entry Signal

MarketClub’s Trade Triangles for USDNOK

long term up The long-term trend has been UP since Jul 23rd, 2024 at 11.143385

intermediate term down The intermediate-term trend has been DOWN since Jan 5th, 2025 at 11.112775

short term down The short-term trend has been DOWN since Jan 13th, 2025 at 11.383830

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
11.380030 11.390475 11.337745 11.361485 -0.018545
Prev. Close Volume Bid Ask Time
11.380030 2025-01-15 03:41:14
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