Forex Trend Analysis Report
Prepared for you on Friday, February 26, 2021.
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 DOWN since Dec 21st, 2020 at 10.382565
The intermediate-term trend has been DOWN since Feb 10th, 2021 at 10.212935
The short-term trend has been UP since Feb 26th, 2021 at 10.386200
Smart Scan Analysis for EURNOK
Based on our trend formula, EURNOK is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).