Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
Norwegian Krone/US Dollar (FOREX:NOKUSD)
Long-Term Uptrend (+90) - NOKUSD is in a strong uptrend that is likely to continue. While NOKUSD 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 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 Oct 8th, 2021 at 0.1173090
The intermediate-term trend has been UP since Oct 8th, 2021 at 0.1171964
The short-term trend has been UP since Oct 13th, 2021 at 0.1174760
Smart Scan Analysis for NOKUSD
Based on our trend formula, NOKUSD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).