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Forex Trend Analysis Report
Prepared for you on Friday, May 3, 2024.
New Zealand Dollar/Norwegian Krone (FOREX:NZDNOK)
Countertrend Up (+85) - NZDNOK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid NZDNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for NZDNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for NZDNOK
The long-term trend has been UP since Apr 29th, 2024 at 6.5786
The intermediate-term trend has been UP since Mar 28th, 2024 at 6.4887
The short-term trend has been DOWN since May 1st, 2024 at 6.5318
Smart Scan Analysis for NZDNOK
Based on our trend formula, NZDNOK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.55345 | 6.56190 | 6.51830 | 6.54560 | -0.00785 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.55345 | 2024-05-03 17:04:47 |