Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
New Zealand Dollar/Norwegian Krone (FOREX:NZDNOK)
Crossroads (+60) - NZDNOK is struggling to move into a solid trend. Beware of choppy markets 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.
MarketClub’s Trade Triangles for NZDNOK
The long-term trend has been DOWN since Jan 21st, 2021 at 6.06480
The intermediate-term trend has been UP since Feb 22nd, 2021 at 6.21600
The short-term trend has been UP since Feb 17th, 2021 at 6.12045
Smart Scan Analysis for NZDNOK
Based on our trend formula, NZDNOK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).