Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Norwegian Krone/US Dollar (FOREX:NOKUSD)
Crossroads (-60) - NOKUSD is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid NOKUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKUSD
The long-term trend has been UP since Jul 20th, 2020 at 0.1087040
The intermediate-term trend has been DOWN since Feb 26th, 2021 at 0.1155595
The short-term trend has been DOWN since Feb 25th, 2021 at 0.1171110
Smart Scan Analysis for NOKUSD
Based on our trend formula, NOKUSD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).