Forex Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Norwegian Krone/US Dollar (FOREX:NOKUSD)
Weak Downtrend (-65) - NOKUSD is showing signs of a strengthening downtrend. Monitor NOKUSD as it may be building momentum to the downside.
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 DOWN since Nov 29th, 2021 at 0.10984500
The intermediate-term trend has been UP since Jul 27th, 2022 at 0.10246882
The short-term trend has been DOWN since Aug 15th, 2022 at 0.10407350
Smart Scan Analysis for NOKUSD
Based on our trend formula, NOKUSD is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).