Forex Trend Analysis Report
Prepared for you on Saturday, March 6, 2021.
US Dollar/Norwegian Krone (FOREX:USDNOK)
Crossroads (+60) - USDNOK 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 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 DOWN since Dec 16th, 2020 at 8.657045
The intermediate-term trend has been UP since Feb 26th, 2021 at 8.653500
The short-term trend has been UP since Mar 5th, 2021 at 8.627580
Smart Scan Analysis for USDNOK
Based on our trend formula, USDNOK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).