Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Tuesday, November 24, 2020.

Norwegian Krone/New Zealand Dollar (FOREX:NOKNZD)

Long-Term Downtrend (-90) - NOKNZD is in a strong downtrend that is likely to continue. While NOKNZD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

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.

FOREX_NOKNZD
Open High Low NOKNZD Price Change
0.1593605 0.1594705 0.1587575 0.1591035 -0.0002570
Entry Signal

MarketClub’s Trade Triangles for NOKNZD

long term down The long-term trend has been DOWN since Sep 25th, 2020 at 0.1593665

intermediate term down The intermediate-term trend has been DOWN since Oct 26th, 2020 at 0.1608620

short term down The short-term trend has been DOWN since Nov 22nd, 2020 at 0.1597230

Smart Scan Analysis for NOKNZD

Based on our trend formula, NOKNZD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NOKNZD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1593605 0.1594705 0.1587575 0.1591035 -0.0002570
Prev. Close Volume Bid Ask Time
0.1593605 2020-11-24 05:18:01
Get a free daily analysis and signals for Norwegian Krone/New Zealand Dollar (NOKNZD) - Request Your Free Report.