Forex Trend Analysis Report
Prepared for you on Monday, February 17, 2020.
Norwegian Krone/New Zealand Dollar (FOREX:NOKNZD)
Sidelines Mode (-55) - NOKNZD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKNZD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKNZD
The long-term trend has been DOWN since Aug 5th, 2019 at 0.1712650
The intermediate-term trend has been DOWN since Jan 23rd, 2020 at 0.1683040
The short-term trend has been UP since Feb 17th, 2020 at 0.1683545
Smart Scan Analysis for NOKNZD
Based on our trend formula, NOKNZD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).