Forex Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
Australian Dollar/Norwegian Krone (FOREX:AUDNOK)
Sidelines Mode (-55) - AUDNOK 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 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.
MarketClub’s Trade Triangles for AUDNOK
The long-term trend has been UP since Mar 12th, 2020 at 6.4149956
The intermediate-term trend has been DOWN since May 13th, 2020 at 6.5442978
The short-term trend has been UP since May 22nd, 2020 at 6.5742325
Smart Scan Analysis for AUDNOK
Based on our trend formula, AUDNOK is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).