Future Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
NORWEGIAN KRONE/SWEDISH KRONA JUNE 2020 (ICE:@NJ.M20)
Bull Market Weakness (+75) - @NJ.M20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on @NJ.M20 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid @NJ.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @NJ.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @NJ.M20
The long-term trend has been DOWN since Jun 25th, 2019 at 1.07000
The intermediate-term trend has been UP since May 15th, 2020 at 0.96105
The short-term trend has been UP since May 5th, 2020 at 0.95600
Smart Scan Analysis for @NJ.M20
Based on our trend formula, @NJ.M20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1.0117||52wk High Date||2020-03-06|
|52wk Low||0.8732||52wk Low Date||2020-03-19|