Forex Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
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.
MarketClub’s Trade Triangles for NOKNZD
The long-term trend has been DOWN since Nov 3rd, 2023 at 0.1523535
The intermediate-term trend has been DOWN since Nov 30th, 2023 at 0.1497775
The short-term trend has been DOWN since Nov 23rd, 2023 at 0.1536550
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).