Forex Trend Analysis Report
Prepared for you on Saturday, March 25, 2023.
US Dollar/Norwegian Krone (FOREX:USDNOK)
Weak Downtrend (-65) - USDNOK is showing signs of a strengthening downtrend. Monitor USDNOK as it may be building momentum to the downside.
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 UP since Mar 1st, 2023 at 10.465105
The intermediate-term trend has been DOWN since Mar 23rd, 2023 at 10.286295
The short-term trend has been DOWN since Mar 21st, 2023 at 10.535210
Smart Scan Analysis for USDNOK
Based on our trend formula, USDNOK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).