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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.

FOREX_NZDNOK
Open High Low NZDNOK Price Change
6.10210 6.11590 6.09850 6.10865 +0.00655
Entry Signal

MarketClub’s Trade Triangles for NZDNOK

long term up The long-term trend has been UP since Mar 11th, 2020 at 6.1324

intermediate term down The intermediate-term trend has been DOWN since May 6th, 2020 at 6.1766

short term up 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).

+55
Smart Scan Analysis for NZDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.10210 6.11590 6.09850 6.10865 +0.00655
Prev. Close Volume Bid Ask Time
6.10210 6.10680 6.11050 2020-05-25 04:10:12
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