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.
MarketClub’s Trade Triangles for NOKNZD
The long-term trend has been DOWN since Sep 25th, 2020 at 0.1593665
The intermediate-term trend has been DOWN since Oct 26th, 2020 at 0.1608620
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).