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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Australian Dollar/Norwegian Krone (FOREX:AUDNOK)
Long-Term Uptrend (+90) - AUDNOK is in a strong uptrend that is likely to continue. While AUDNOK is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid AUDNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for AUDNOK.
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 AUDNOK
The long-term trend has been UP since Apr 26th, 2024 at 7.178282
The intermediate-term trend has been UP since Apr 24th, 2024 at 7.139800
The short-term trend has been UP since May 8th, 2024 at 7.206650
Smart Scan Analysis for AUDNOK
Based on our trend formula, AUDNOK is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.173540 | 7.196170 | 7.163500 | 7.181246 | +0.007706 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.173540 | 2024-05-09 12:45:01 |