Forex Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Norwegian Krone/Euro (FOREX:NOKEUR)
Bull Market Weakness (+75) - NOKEUR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NOKEUR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid NOKEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKEUR
The long-term trend has been UP since Aug 12th, 2022 at 0.10229107
The intermediate-term trend has been UP since Jul 14th, 2022 at 0.09775649
The short-term trend has been DOWN since Aug 15th, 2022 at 0.10149297
Smart Scan Analysis for NOKEUR
Based on our trend formula, NOKEUR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).