Forex Trend Analysis Report
Prepared for you on Saturday, January 28, 2023.
Norwegian Krone/Swedish Krona (FOREX:NOKSEK)
Sidelines Mode (-55) - NOKSEK 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 NOKSEK?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKSEK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKSEK
The long-term trend has been UP since Aug 12th, 2022 at 1.058430
The intermediate-term trend has been DOWN since Jan 19th, 2023 at 1.036145
The short-term trend has been UP since Jan 27th, 2023 at 1.044795
Smart Scan Analysis for NOKSEK
Based on our trend formula, NOKSEK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).