Forex Trend Analysis Report
Prepared for you on Saturday, August 13, 2022.
US Dollar/Norwegian Krone (FOREX:USDNOK)
Sidelines Mode (-55) - USDNOK 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 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 Nov 26th, 2021 at 9.10380
The intermediate-term trend has been DOWN since Jul 29th, 2022 at 9.65710
The short-term trend has been UP since Aug 12th, 2022 at 9.74937
Smart Scan Analysis for USDNOK
Based on our trend formula, USDNOK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).