Forex Trend Analysis Report
Prepared for you on Tuesday, March 21, 2023.
Norwegian Krone/South African Rand (FOREX:NOKZAR)
Weak Uptrend (+65) - NOKZAR is showing signs of weakening momentum to the upside. Monitor NOKZAR as it may be in the beginning stages of a reversal.
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 UP since Aug 3rd, 2022 at 1.7336840
The intermediate-term trend has been DOWN since Mar 7th, 2023 at 1.7345728
The short-term trend has been UP since Mar 20th, 2023 at 1.7274696
Smart Scan Analysis for NOKZAR
Based on our trend formula, NOKZAR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).