Future Trend Analysis Report
Prepared for you on Monday, September 28, 2020.
NORWEGIAN KRONE Sep 2020 (CME:NOK.U20)
Sidelines Mode (+55) - NOK.U20 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.U20?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOK.U20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOK.U20
The long-term trend has been UP since May 27th, 2020 at 0.09732
The intermediate-term trend has been DOWN since Sep 8th, 2020 at 0.11043
The short-term trend has been UP since Sep 10th, 2020 at 0.11196
Smart Scan Analysis for NOK.U20
Based on our trend formula, NOK.U20 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).