Forex Trend Analysis Report
Prepared for you on Monday, July 4, 2022.
Norwegian Krone/Danish Krone (FOREX:NOKDKK)
Weak Downtrend (-65) - NOKDKK is showing signs of a strengthening downtrend. Monitor NOKDKK as it may be building momentum to the downside.
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 May 9th, 2022 at 0.728890
The intermediate-term trend has been DOWN since Apr 24th, 2022 at 0.768755
The short-term trend has been UP since Jul 4th, 2022 at 0.721490
Smart Scan Analysis for NOKDKK
Based on our trend formula, NOKDKK is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).