Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Norwegian Krone/Danish Krone (FOREX:NOKDKK)
Strong Uptrend (+100) - NOKDKK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NOKDKK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 UP since Sep 26th, 2021 at 0.740635
The intermediate-term trend has been UP since Aug 25th, 2021 at 0.718350
The short-term trend has been UP since Oct 12th, 2021 at 0.754970
Smart Scan Analysis for NOKDKK
Based on our trend formula, NOKDKK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).