Forex Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
Euro/Norwegian Krone (FOREX:EURNOK)
Sidelines Mode (-55) - EURNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 May 9th, 2022 at 10.206435
The intermediate-term trend has been DOWN since Jul 25th, 2022 at 10.098200
The short-term trend has been UP since Aug 15th, 2022 at 9.858725
Smart Scan Analysis for EURNOK
Based on our trend formula, EURNOK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).