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.
MarketClub’s Trade Triangles for NOKSEK
The long-term trend has been DOWN since Aug 4th, 2019 at 1.079600
The intermediate-term trend has been UP since May 18th, 2020 at 0.968850
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).