Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
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 Oct 23rd, 2023 at 0.63302
The intermediate-term trend has been UP since Nov 15th, 2023 at 0.63732
The short-term trend has been UP since Dec 1st, 2023 at 0.64071
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).