Forex Trend Analysis Report
Prepared for you on Thursday, April 9, 2020.
Norwegian Krone/Czech Koruna (FOREX:NOKCZK)
Sidelines Mode (-55) - NOKCZK 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 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 DOWN since Aug 2nd, 2019 at 2.60500
The intermediate-term trend has been UP since Apr 1st, 2020 at 2.41715
The short-term trend has been DOWN since Apr 7th, 2020 at 2.41570
Smart Scan Analysis for NOKCZK
Based on our trend formula, NOKCZK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).