Forex Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
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.
MarketClub’s Trade Triangles for AUDNOK
The long-term trend has been UP since Sep 21st, 2020 at 6.6865482
The intermediate-term trend has been DOWN since Nov 24th, 2020 at 6.5311661
The short-term trend has been DOWN since Nov 30th, 2020 at 6.4928659
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).