Forex Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
Norwegian Krone/South African Rand (FOREX:NOKZAR)
Strong Uptrend (+100) - NOKZAR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NOKZAR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Jan 7th, 2021 at 1.8124524
The intermediate-term trend has been UP since Feb 25th, 2021 at 1.7712762
The short-term trend has been UP since Feb 25th, 2021 at 1.7550800
Smart Scan Analysis for NOKZAR
Based on our trend formula, NOKZAR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).