Free Daily Analysis
Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Norwegian Krone/South African Rand (FOREX:NOKZAR)
Sidelines Mode (-55) - NOKZAR 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 NOKZAR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKZAR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
|
|||||||||||||||
|
|||||||||||||||
MarketClub’s Trade Triangles for NOKZAR
The long-term trend has been DOWN since Mar 29th, 2024 at 1.7176431
The intermediate-term trend has been UP since Nov 11th, 2024 at 1.6231185
The short-term trend has been DOWN since Nov 18th, 2024 at 1.6303868
Smart Scan Analysis for NOKZAR
Based on our trend formula, NOKZAR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1.6429964 | 1.6474149 | 1.6413150 | 1.6438432 | +0.0008470 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1.6429964 | 2024-11-20 03:44:42 |