Forex Trend Analysis Report
Prepared for you on Thursday, June 4, 2020.
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 Feb 3rd, 2020 at 0.09750666
The intermediate-term trend has been UP since Apr 7th, 2020 at 0.08959758
The short-term trend has been UP since May 26th, 2020 at 0.09182003
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).