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Forex Trend Analysis Report

Prepared for you on Monday, April 22, 2024.

Australian Dollar/Norwegian Krone (FOREX:AUDNOK)

Weak Downtrend (-65) - AUDNOK is showing signs of a strengthening downtrend. Monitor AUDNOK as it may be building momentum to the downside.

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
7.08730 7.10630 7.08350 7.09025 +0.00295
Entry Signal

MarketClub’s Trade Triangles for AUDNOK

long term down The long-term trend has been DOWN since Feb 1st, 2024 at 6.8436

intermediate term down The intermediate-term trend has been DOWN since Apr 16th, 2024 at 7.0193

short term up The short-term trend has been UP since Apr 17th, 2024 at 7.0875

Smart Scan Analysis for AUDNOK

Based on our trend formula, AUDNOK is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-65
Smart Scan Analysis for AUDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.08730 7.10630 7.08350 7.09025 +0.00295
Prev. Close Volume Bid Ask Time
7.08730 2024-04-22 05:32:45
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