Forex Trend Analysis Report
Prepared for you on Wednesday, January 19, 2022.
Norwegian Krone/Czech Koruna (FOREX:NOKCZK)
Long-Term Downtrend (-90) - NOKCZK is in a strong downtrend that is likely to continue. While NOKCZK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NOKCZK?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKCZK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKCZK
The long-term trend has been DOWN since Dec 3rd, 2021 at 2.45740
The intermediate-term trend has been DOWN since Nov 5th, 2021 at 2.55435
The short-term trend has been DOWN since Jan 17th, 2022 at 2.44440
Smart Scan Analysis for NOKCZK
Based on our trend formula, NOKCZK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).