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Forex Trend Analysis Report

Prepared for you on Monday, June 14, 2021.

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
1.6445650 1.6610252 1.6441590 1.6506854 +0.0061200
Entry Signal

MarketClub’s Trade Triangles for NOKZAR

long term down The long-term trend has been DOWN since Apr 6th, 2021 at 1.7022789

intermediate term down The intermediate-term trend has been DOWN since May 10th, 2021 at 1.7006623

short term down The short-term trend has been DOWN since Jun 11th, 2021 at 1.6352079

Smart Scan Analysis for NOKZAR

Based on our trend formula, NOKZAR is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-80
Smart Scan Analysis for NOKZAR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.6445650 1.6610252 1.6441590 1.6506854 +0.0061200
Prev. Close Volume Bid Ask Time
1.6445650 2021-06-14 11:10:46
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