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.
MarketClub’s Trade Triangles for NOKUSD
The long-term trend has been UP since Jul 20th, 2020 at 0.1087040
The intermediate-term trend has been DOWN since Sep 8th, 2020 at 0.1099265
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).