Future Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
NORWEGIAN KRONE Jun 2020 (CME:NOK.M20)
Bull Market Weakness (+75) - NOK.M20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NOK.M20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NOK.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOK.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOK.M20
The long-term trend has been DOWN since Feb 19th, 2020 at 0.10850
The intermediate-term trend has been UP since May 8th, 2020 at 0.09795
The short-term trend has been UP since May 26th, 2020 at 0.10120
Smart Scan Analysis for NOK.M20
Based on our trend formula, NOK.M20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).