Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Wednesday, December 4, 2024.

Norwegian Krone/South African Rand (FOREX:NOKZAR)

Bull Market Weakness (+75) - NOKZAR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on 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.

FOREX_NOKZAR
Open High Low NOKZAR Price Change
1.6373108 1.6449590 1.6355720 1.6419749 +0.0046640
Entry Signal

MarketClub’s Trade Triangles for NOKZAR

long term down The long-term trend has been DOWN since Mar 29th, 2024 at 1.7176431

intermediate term up The intermediate-term trend has been UP since Nov 11th, 2024 at 1.6231185

short term up The short-term trend has been UP since Nov 27th, 2024 at 1.6409212

Smart Scan Analysis for NOKZAR

Based on our trend formula, NOKZAR is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for NOKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6373108 1.6449590 1.6355720 1.6419749 +0.0046640
Prev. Close Volume Bid Ask Time
1.6373108 2024-12-04 05:09:10
Get a free daily analysis and signals for Norwegian Krone/South African Rand (NOKZAR) - Request Your Free Report.