Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
New Zealand Dollar/Norwegian Krone (FOREX:NZDNOK)
Sidelines Mode (+55) - NZDNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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.
MarketClub’s Trade Triangles for NZDNOK
The long-term trend has been UP since Mar 11th, 2020 at 6.1324
The intermediate-term trend has been DOWN since May 6th, 2020 at 6.1766
The short-term trend has been UP since May 20th, 2020 at 6.1037
Smart Scan Analysis for NZDNOK
Based on our trend formula, NZDNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).