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.
MarketClub’s Trade Triangles for NZDNOK
The long-term trend has been DOWN since Oct 1st, 2021 at 6.0023
The intermediate-term trend has been DOWN since Aug 18th, 2021 at 6.1099
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).