Forex Trend Analysis Report
Prepared for you on Wednesday, June 23, 2021.
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 Jan 6th, 2021 at 0.972350
The intermediate-term trend has been DOWN since Jun 21st, 2021 at 0.990100
The short-term trend has been UP since Jun 23rd, 2021 at 0.997435
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).