Forex Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
Norwegian Krone/Czech Koruna (FOREX:NOKCZK)
Countertrend Up (+85) - NOKCZK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Oct 13th, 2020 at 2.53280
The intermediate-term trend has been UP since Oct 11th, 2020 at 2.50115
The short-term trend has been DOWN since Oct 15th, 2020 at 2.49960
Smart Scan Analysis for NOKCZK
Based on our trend formula, NOKCZK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).