Forex Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Norwegian Krone/Swedish Krona (FOREX:NOKSEK)
Long-Term Uptrend (+90) - NOKSEK is in a strong uptrend that is likely to continue. While NOKSEK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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.
MarketClub’s Trade Triangles for NOKSEK
The long-term trend has been UP since Sep 23rd, 2021 at 1.007670
The intermediate-term trend has been UP since Aug 25th, 2021 at 0.986100
The short-term trend has been UP since Oct 19th, 2021 at 1.030905
Smart Scan Analysis for NOKSEK
Based on our trend formula, NOKSEK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).