Future Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
EURO/NORWEGIAN KRONE Jun 2020 (CME:ENK.M20)
Strong Downtrend (-100) - ENK.M20 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ENK.M20?
MarketClub looks at technical strength and momentum to determine if the timing is right for ENK.M20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ENK.M20
The long-term trend has been DOWN since Apr 7th, 2020 at 11.1665
The intermediate-term trend has been DOWN since May 7th, 2020 at 11.2650
The short-term trend has been DOWN since Apr 28th, 2020 at 11.4815
Smart Scan Analysis for ENK.M20
Based on our trend formula, ENK.M20 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).