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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
US Dollar/Norwegian Krone (FOREX:USDNOK)
Countertrend Up (+85) - USDNOK 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 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.
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MarketClub’s Trade Triangles for USDNOK
The long-term trend has been UP since Mar 29th, 2024 at 11.01529
The intermediate-term trend has been UP since Mar 27th, 2024 at 10.71237
The short-term trend has been DOWN since Apr 23rd, 2024 at 10.96190
Smart Scan Analysis for USDNOK
Based on our trend formula, USDNOK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.984175 | 11.028905 | 10.924865 | 11.012010 | +0.027835 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.984175 | 2024-04-25 09:28:34 |