Forex Trend Analysis Report
Prepared for you on Wednesday, June 29, 2022.
Norwegian Krone/New Zealand Dollar (FOREX:NOKNZD)
Sidelines Mode (-55) - NOKNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid NOKNZD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKNZD
The long-term trend has been DOWN since Mar 6th, 2022 at 0.1608150
The intermediate-term trend has been DOWN since Jun 15th, 2022 at 0.1595775
The short-term trend has been UP since Jun 20th, 2022 at 0.1599600
Smart Scan Analysis for NOKNZD
Based on our trend formula, NOKNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).