Forex Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
Euro/Norwegian Krone (FOREX:EURNOK)
Long-Term Uptrend (+90) - EURNOK is in a strong uptrend that is likely to continue. While EURNOK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
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 UP since Feb 3rd, 2020 at 10.255660
The intermediate-term trend has been UP since Jan 20th, 2020 at 9.912550
The short-term trend has been UP since Mar 30th, 2020 at 11.834455
Smart Scan Analysis for EURNOK
Based on our trend formula, EURNOK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).