Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Norwegian Krone/Danish Krone (FOREX:NOKDKK)
Crossroads (+60) - NOKDKK is struggling to move into a solid trend. Beware of choppy markets 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 Feb 3rd, 2020 at 0.728470
The intermediate-term trend has been UP since Apr 7th, 2020 at 0.668450
The short-term trend has been UP since May 26th, 2020 at 0.685965
Smart Scan Analysis for NOKDKK
Based on our trend formula, NOKDKK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).