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.
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MarketClub’s Trade Triangles for NOKZAR
The long-term trend has been DOWN since Mar 29th, 2024 at 1.7176431
The intermediate-term trend has been UP since Nov 11th, 2024 at 1.6231185
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).
| 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 |