Future Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
NORWEGIAN KRONE Jun 2021 (CME:NOK.M21)
Sidelines Mode (-55) - NOK.M21 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 NOK.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOK.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOK.M21
The long-term trend has been DOWN since Mar 23rd, 2021 at 0.11579
The intermediate-term trend has been DOWN since Mar 23rd, 2021 at 0.11608
The short-term trend has been UP since Mar 26th, 2021 at 0.11648
Smart Scan Analysis for NOK.M21
Based on our trend formula, NOK.M21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).