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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Norwegian Krone/Australian Dollar (FOREX:NOKAUD)
Long-Term Downtrend (-90) - NOKAUD is in a strong downtrend that is likely to continue. While NOKAUD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NOKAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKAUD.
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 NOKAUD
The long-term trend has been DOWN since Apr 1st, 2024 at 0.1409005
The intermediate-term trend has been DOWN since Feb 5th, 2024 at 0.1441945
The short-term trend has been DOWN since May 8th, 2024 at 0.1388325
Smart Scan Analysis for NOKAUD
Based on our trend formula, NOKAUD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.1393970 | 0.1395670 | 0.1393345 | 0.1394815 | +0.0000850 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.1393970 | 2024-05-09 03:42:59 |