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Forex Trend Analysis Report
Prepared for you on Sunday, May 5, 2024.
US Dollar/Norwegian Krone (FOREX:USDNOK)
Sidelines Mode (+55) - USDNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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 May 2nd, 2024 at 10.97240
Smart Scan Analysis for USDNOK
Based on our trend formula, USDNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.885055 | 10.885055 | 10.885055 | 10.885055 | 0.000000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.885055 | 2024-05-05 05:26:14 |