Forex Trend Analysis Report
Prepared for you on Wednesday, March 29, 2023.
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 Nov 17th, 2022 at 0.1613870
The intermediate-term trend has been DOWN since Mar 7th, 2023 at 0.1535165
The short-term trend has been UP since Mar 21st, 2023 at 0.1509215
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).