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.
MarketClub’s Trade Triangles for NOKZAR
The long-term trend has been DOWN since Apr 6th, 2021 at 1.7022789
The intermediate-term trend has been DOWN since May 10th, 2021 at 1.7006623
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).