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Forex Trend Analysis Report

Prepared for you on Thursday, September 24, 2020.

Norwegian Krone/US Dollar (FOREX:NOKUSD)

Sidelines Mode (+55) - NOKUSD 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 NOKUSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKUSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_NOKUSD
Open High Low NOKUSD Price Change
0.1051365 0.1053380 0.1042075 0.1048075 -0.0003290
Entry Signal

MarketClub’s Trade Triangles for NOKUSD

long term up The long-term trend has been UP since Jul 20th, 2020 at 0.1087040

intermediate term down The intermediate-term trend has been DOWN since Sep 8th, 2020 at 0.1099265

short term up The short-term trend has been UP since Sep 16th, 2020 at 0.1112995

Smart Scan Analysis for NOKUSD

Based on our trend formula, NOKUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for NOKUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1051365 0.1053380 0.1042075 0.1048075 -0.0003290
Prev. Close Volume Bid Ask Time
0.1051365 0.1047570 0.1048580 2020-09-24 06:42:44
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