Forex Trend Analysis Report
Prepared for you on Wednesday, August 5, 2020.
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 Jul 21st, 2020 at 0.09589107
The intermediate-term trend has been DOWN since Jul 30th, 2020 at 0.09273377
The short-term trend has been UP since Aug 5th, 2020 at 0.09350053
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).