Future Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
NORWEGIAN KRONE/SWEDISH KRONA DECEMBER 2023 (ICE:@NJ.Z23)
Strong Downtrend (-100) - @NJ.Z23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, @NJ.Z23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid @NJ.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for @NJ.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @NJ.Z23
The long-term trend has been DOWN since Oct 4th, 2023 at 1.00950
The intermediate-term trend has been DOWN since Sep 29th, 2023 at 1.02275
The short-term trend has been DOWN since Dec 1st, 2023 at 0.97325
Smart Scan Analysis for @NJ.Z23
Based on our trend formula, @NJ.Z23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1.0386||52wk High Date||2023-09-13|
|52wk Low||0.95755||52wk Low Date||2023-12-07|