Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Euro/Norwegian Krone (FOREX:EURNOK)
Strong Downtrend (-100) - EURNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
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 Sep 23rd, 2021 at 10.040315
The intermediate-term trend has been DOWN since Aug 24th, 2021 at 10.350340
The short-term trend has been DOWN since Oct 12th, 2021 at 9.856135
Smart Scan Analysis for EURNOK
Based on our trend formula, EURNOK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).