Forex Trend Analysis Report
Prepared for you on Thursday, August 13, 2020.
US Dollar/Norwegian Krone (FOREX:USDNOK)
Strong Downtrend (-100) - USDNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid USDNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDNOK.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDNOK
The long-term trend has been DOWN since Jul 20th, 2020 at 9.188100
The intermediate-term trend has been DOWN since May 11th, 2020 at 10.178285
The short-term trend has been DOWN since Aug 5th, 2020 at 9.026065
Smart Scan Analysis for USDNOK
Based on our trend formula, USDNOK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).