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Forex Trend Analysis Report

Prepared for you on Wednesday, August 10, 2022.

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.

Open High Low NZDNOK Price Change
6.11850 6.12450 6.10680 6.11015 -0.00835
Entry Signal

MarketClub’s Trade Triangles for NZDNOK

long term up The long-term trend has been UP since Mar 6th, 2022 at 6.21885

intermediate term up The intermediate-term trend has been UP since Jul 17th, 2022 at 6.30220

short term down The short-term trend has been DOWN since Aug 8th, 2022 at 6.10160

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).

Smart Scan Analysis for NZDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.11850 6.12450 6.10680 6.11015 -0.00835
Prev. Close Volume Bid Ask Time
6.11850 2022-08-10 03:36:21
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