Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
Norwegian Krone/Swedish Krona (FOREX:NOKSEK)
Weak Downtrend (-65) - NOKSEK is showing signs of a strengthening downtrend. Monitor NOKSEK as it may be building momentum to the downside.
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 DOWN since Aug 4th, 2019 at 1.07960
The intermediate-term trend has been DOWN since Jan 23rd, 2020 at 1.05639
The short-term trend has been UP since Feb 19th, 2020 at 1.05245
Smart Scan Analysis for NOKSEK
Based on our trend formula, NOKSEK is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).