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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
Norwegian Krone/Danish Krone (FOREX:NOKDKK)
Long-Term Uptrend (+90) - NOKDKK is in a strong uptrend that is likely to continue. While NOKDKK 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 NOKDKK?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKDKK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NOKDKK
The long-term trend has been UP since Nov 21st, 2024 at 0.642725
The intermediate-term trend has been UP since Jan 15th, 2025 at 0.639555
The short-term trend has been UP since Jan 30th, 2025 at 0.635350
Smart Scan Analysis for NOKDKK
Based on our trend formula, NOKDKK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.639065 | 0.639135 | 0.638920 | 0.639030 | -0.000035 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.639065 | 2025-02-05 01:04:34 |