Forex Trend Analysis Report
Prepared for you on Wednesday, June 23, 2021.
Euro/Norwegian Krone (FOREX:EURNOK)
Sidelines Mode (+55) - EURNOK 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 EURNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EURNOK
The long-term trend has been DOWN since Dec 21st, 2020 at 10.382565
The intermediate-term trend has been UP since May 12th, 2021 at 10.091200
The short-term trend has been DOWN since Jun 23rd, 2021 at 10.169520
Smart Scan Analysis for EURNOK
Based on our trend formula, EURNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).