Forex Trend Analysis Report
Prepared for you on Friday, December 4, 2020.
Norwegian Krone/Czech Koruna (FOREX:NOKCZK)
Weak Uptrend (+65) - NOKCZK is showing signs of weakening momentum to the upside. Monitor NOKCZK as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NOKCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKCZK
The long-term trend has been UP since Oct 13th, 2020 at 2.53280
The intermediate-term trend has been DOWN since Oct 29th, 2020 at 2.45690
The short-term trend has been UP since Dec 3rd, 2020 at 2.48875
Smart Scan Analysis for NOKCZK
Based on our trend formula, NOKCZK is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).