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Forex Trend Analysis Report

Prepared for you on Monday, January 20, 2025.

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.

FOREX_AUDNOK
Open High Low AUDNOK Price Change
7.090400 7.102800 7.075200 7.100306 +0.009906
Entry Signal

MarketClub’s Trade Triangles for AUDNOK

long term down The long-term trend has been DOWN since Aug 6th, 2024 at 6.944383

intermediate term down The intermediate-term trend has been DOWN since Oct 7th, 2024 at 7.118700

short term up The short-term trend has been UP since Jan 17th, 2025 at 7.073332

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).

-55
Smart Scan Analysis for AUDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.090400 7.102800 7.075200 7.100306 +0.009906
Prev. Close Volume Bid Ask Time
7.090400 2025-01-20 09:35:59
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