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Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

New Zealand Dollar/Norwegian Krone (FOREX:NZDNOK)

Crossroads (+60) - NZDNOK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid NZDNOK?

MarketClub looks at technical strength and momentum to determine if the timing is right for NZDNOK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NZDNOK
Open High Low NZDNOK Price Change
6.27475 6.29010 6.23500 6.26915 -0.00560
Entry Signal

MarketClub’s Trade Triangles for NZDNOK

long term down The long-term trend has been DOWN since Jan 21st, 2021 at 6.06480

intermediate term up The intermediate-term trend has been UP since Feb 22nd, 2021 at 6.21600

short term up The short-term trend has been UP since Feb 17th, 2021 at 6.12045

Smart Scan Analysis for NZDNOK

Based on our trend formula, NZDNOK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for NZDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.27475 6.29010 6.23500 6.26915 -0.00560
Prev. Close Volume Bid Ask Time
6.27475 2021-02-26 17:11:27
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