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Forex Trend Analysis Report

Prepared for you on Tuesday, October 3, 2023.

Australian Dollar/Norwegian Krone (FOREX:AUDNOK)

Crossroads (+60) - AUDNOK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

FOREX_AUDNOK
Open High Low AUDNOK Price Change
6.903999 6.934957 6.852184 6.910900 +0.006901
Entry Signal

MarketClub’s Trade Triangles for AUDNOK

long term down The long-term trend has been DOWN since Aug 1st, 2023 at 6.754250

intermediate term up The intermediate-term trend has been UP since Aug 28th, 2023 at 6.894600

short term up The short-term trend has been UP since Oct 2nd, 2023 at 6.910885

Smart Scan Analysis for AUDNOK

Based on our trend formula, AUDNOK is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for AUDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.903999 6.934957 6.852184 6.910900 +0.006901
Prev. Close Volume Bid Ask Time
6.903999 2023-10-03 20:01:28
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