Forex Trend Analysis Report
Prepared for you on Thursday, September 28, 2023.
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 NOKNZD?
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 UP since Jul 17th, 2023 at 0.156125
The intermediate-term trend has been DOWN since Aug 18th, 2023 at 0.158014
The short-term trend has been UP since Sep 27th, 2023 at 0.156463
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).