Forex Trend Analysis Report
Prepared for you on Monday, February 24, 2020.
US Dollar/Norwegian Krone (FOREX:USDNOK)
Long-Term Uptrend (+90) - USDNOK is in a strong uptrend that is likely to continue. While USDNOK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid USDNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDNOK
The long-term trend has been UP since Feb 3rd, 2020 at 9.24556
The intermediate-term trend has been UP since Jan 20th, 2020 at 8.92029
The short-term trend has been UP since Feb 17th, 2020 at 9.27180
Smart Scan Analysis for USDNOK
Based on our trend formula, USDNOK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).