Forex Trend Analysis Report
Prepared for you on Monday, January 17, 2022.
Norwegian Krone/South African Rand (FOREX:NOKZAR)
Bear Market Rally (-75) - NOKZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NOKZAR as it may be in the beginning 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 DOWN since Jan 14th, 2022 at 1.715255
The intermediate-term trend has been DOWN since Jan 14th, 2022 at 1.737890
The short-term trend has been UP since Jan 13th, 2022 at 1.774340
Smart Scan Analysis for NOKZAR
Based on our trend formula, NOKZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).