Future Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
EURO/NORWEGIAN KRONE Dec 2021 (CME:ENK.Z21)
Long-Term Downtrend (-90) - ENK.Z21 is in a strong downtrend that is likely to continue. While ENK.Z21 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ENK.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ENK.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ENK.Z21
The long-term trend has been DOWN since Sep 13th, 2021 at 10.3125
The intermediate-term trend has been DOWN since Sep 13th, 2021 at 10.3125
The short-term trend has been DOWN since Oct 1st, 2021 at 10.1220
Smart Scan Analysis for ENK.Z21
Based on our trend formula, ENK.Z21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).