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Forex Trend Analysis Report

Prepared for you on Tuesday, January 18, 2022.

Norwegian Krone/South African Rand (FOREX:NOKZAR)

Bear Market Rally (-75) - NOKZAR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NOKZAR as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid NOKZAR?

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

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

FOREX_NOKZAR
Open High Low NOKZAR Price Change
1.7658800 1.7685131 1.7537664 1.7616319 -0.0042480
Entry Signal

MarketClub’s Trade Triangles for NOKZAR

long term down The long-term trend has been DOWN since Jan 14th, 2022 at 1.715255

intermediate term down The intermediate-term trend has been DOWN since Jan 14th, 2022 at 1.737890

short term up The short-term trend has been UP since Jan 13th, 2022 at 1.774340

Smart Scan Analysis for NOKZAR

Based on our trend formula, NOKZAR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for NOKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.7658800 1.7685131 1.7537664 1.7616319 -0.0042480
Prev. Close Volume Bid Ask Time
1.7658800 2022-01-18 14:55:03
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