Forex Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
Norwegian Krone/South African Rand (FOREX:NOKZAR)
Weak Downtrend (-65) - NOKZAR is showing signs of a strengthening downtrend. Monitor NOKZAR as it may be building momentum to the downside.
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 Oct 15th, 2023 at 1.7231592
The intermediate-term trend has been UP since Nov 19th, 2023 at 1.6997233
The short-term trend has been DOWN since Dec 4th, 2023 at 1.7346200
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).