Future Trend Analysis Report
Prepared for you on Thursday, December 7, 2023.
NORWEGIAN KRONE Dec 2023 (CME:NOK.Z23)
Weak Downtrend (-65) - NOK.Z23 is showing signs of a strengthening downtrend. Monitor NOK.Z23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid NOK.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOK.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOK.Z23
The long-term trend has been DOWN since Oct 2nd, 2023 at 0.09240
The intermediate-term trend has been UP since Nov 14th, 2023 at 0.09092
The short-term trend has been DOWN since Nov 30th, 2023 at 0.09360
Smart Scan Analysis for NOK.Z23
Based on our trend formula, NOK.Z23 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).