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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Norwegian Krone/Swedish Krona (FOREX:NOKSEK)

Sidelines Mode (-55) - NOKSEK 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 NOKSEK?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKSEK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NOKSEK
Open High Low NOKSEK Price Change
0.966565 0.967000 0.965305 0.965315 -0.001250
Entry Signal

MarketClub’s Trade Triangles for NOKSEK

long term down The long-term trend has been DOWN since Aug 4th, 2019 at 1.079600

intermediate term up The intermediate-term trend has been UP since May 18th, 2020 at 0.968850

short term down The short-term trend has been DOWN since May 21st, 2020 at 0.961345

Smart Scan Analysis for NOKSEK

Based on our trend formula, NOKSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for NOKSEK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.966565 0.967000 0.965305 0.965315 -0.001250
Prev. Close Volume Bid Ask Time
0.966565 0.964980 0.965650 2020-05-25 02:58:59
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