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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
New Zealand Dollar/Norwegian Krone (FOREX:NZDNOK)
Long-Term Downtrend (-90) - NZDNOK is in a strong downtrend that is likely to continue. While NZDNOK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for NZDNOK
The long-term trend has been DOWN since Oct 13th, 2024 at 6.39500
The intermediate-term trend has been DOWN since Oct 13th, 2024 at 6.48920
The short-term trend has been DOWN since Nov 4th, 2024 at 6.54195
Smart Scan Analysis for NZDNOK
Based on our trend formula, NZDNOK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.4913 | 6.4944 | 6.4790 | 6.4922 | +0.0009 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.4913 | 2024-11-20 03:48:40 |