Forex Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
Norwegian Krone/Euro (FOREX:NOKEUR)
Crossroads (+60) - NOKEUR 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 NOKEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKEUR
The long-term trend has been DOWN since Oct 23rd, 2023 at 0.08494833
The intermediate-term trend has been UP since Nov 15th, 2023 at 0.08538100
The short-term trend has been UP since Dec 1st, 2023 at 0.08593050
Smart Scan Analysis for NOKEUR
Based on our trend formula, NOKEUR is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).