Forex Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
Norwegian Krone/Danish Krone (FOREX:NOKDKK)
Sidelines Mode (-55) - NOKDKK 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 NOKDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKDKK
The long-term trend has been DOWN since Sep 30th, 2022 at 0.705895
The intermediate-term trend has been DOWN since Nov 20th, 2022 at 0.705375
The short-term trend has been UP since Mar 21st, 2023 at 0.656075
Smart Scan Analysis for NOKDKK
Based on our trend formula, NOKDKK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).