Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Norwegian Krone/South African Rand (FOREX:NOKZAR)
Crossroads (-60) - NOKZAR is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
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.
MarketClub’s Trade Triangles for NOKZAR
The long-term trend has been UP since Apr 2nd, 2020 at 1.7878517
The intermediate-term trend has been DOWN since May 24th, 2020 at 1.7554950
The short-term trend has been DOWN since May 20th, 2020 at 1.8082777
Smart Scan Analysis for NOKZAR
Based on our trend formula, NOKZAR is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).