Forex Trend Analysis Report
Prepared for you on Saturday, July 31, 2021.
Norwegian Krone/Qatari Rial (FOREX:NOKQAR)
Long-Term Downtrend (-90) - NOKQAR is in a strong downtrend that is likely to continue. While NOKQAR 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 NOKQAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKQAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKQAR
The long-term trend has been DOWN since Jul 2nd, 2021 at 0.43210554
The intermediate-term trend has been DOWN since Jul 2nd, 2021 at 0.43210554
The short-term trend has been DOWN since Jul 18th, 2021 at 0.42726323
Smart Scan Analysis for NOKQAR
Based on our trend formula, NOKQAR is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).