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Forex Trend Analysis Report

Prepared for you on Friday, October 22, 2021.

New Zealand Dollar/Norwegian Krone (FOREX:NZDNOK)

Weak Downtrend (-65) - NZDNOK is showing signs of a strengthening downtrend. Monitor NZDNOK as it may be building momentum to the downside.

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
5.99180 6.00070 5.95905 5.97545 -0.01635
Entry Signal

MarketClub’s Trade Triangles for NZDNOK

long term down The long-term trend has been DOWN since Oct 1st, 2021 at 6.0023

intermediate term down The intermediate-term trend has been DOWN since Aug 18th, 2021 at 6.1099

short term down The short-term trend has been DOWN since Oct 22nd, 2021 at 5.9594

Smart Scan Analysis for NZDNOK

Based on our trend formula, NZDNOK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for NZDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.99180 6.00070 5.95905 5.97545 -0.01635
Prev. Close Volume Bid Ask Time
5.99180 2021-10-22 17:00:55
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