Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Euro/Norwegian Krone (FOREX:EURNOK)
Weak Downtrend (-65) - EURNOK is showing signs of a strengthening downtrend. Monitor EURNOK as it may be building momentum to the downside.
Is it time to buy, sell, or avoid EURNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURNOK
The long-term trend has been UP since Feb 3rd, 2020 at 10.25566
The intermediate-term trend has been DOWN since Apr 7th, 2020 at 11.16271
The short-term trend has been DOWN since May 26th, 2020 at 10.88936
Smart Scan Analysis for EURNOK
Based on our trend formula, EURNOK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).