Forex Trend Analysis Report
Prepared for you on Saturday, September 23, 2023.
Norwegian Krone/US Dollar (FOREX:NOKUSD)
Sidelines Mode (-55) - NOKUSD 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 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 17th, 2023 at 0.09756150
The intermediate-term trend has been DOWN since Aug 8th, 2023 at 0.09680850
The short-term trend has been UP since Sep 20th, 2023 at 0.09347876
Smart Scan Analysis for NOKUSD
Based on our trend formula, NOKUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).