Forex Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
Norwegian Krone/Swedish Krona (FOREX:NOKSEK)
Strong Downtrend (-100) - NOKSEK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NOKSEK continues to fall. Traders should use caution and set stops.
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 Oct 5th, 2023 at 1.001150
The intermediate-term trend has been DOWN since Sep 25th, 2023 at 1.023015
The short-term trend has been DOWN since Nov 22nd, 2023 at 0.972355
Smart Scan Analysis for NOKSEK
Based on our trend formula, NOKSEK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).