Future Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
EURO/NORWEGIAN KRONE Dec 2023 (CME:ENK.Z23)
Weak Downtrend (-65) - ENK.Z23 is showing signs of a strengthening downtrend. Monitor ENK.Z23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid ENK.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ENK.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ENK.Z23
The long-term trend has been UP since Oct 18th, 2023 at 11.6020
The intermediate-term trend has been DOWN since Nov 15th, 2023 at 11.7185
The short-term trend has been DOWN since Nov 30th, 2023 at 11.7140
Smart Scan Analysis for ENK.Z23
Based on our trend formula, ENK.Z23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).