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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.

FOREX_AUDNOK
Open High Low AUDNOK Price Change
6.5403201 6.5535832 6.5348204 6.5439850 +0.0036650
Entry Signal

MarketClub’s Trade Triangles for AUDNOK

long term up The long-term trend has been UP since Mar 12th, 2020 at 6.4149956

intermediate term down The intermediate-term trend has been DOWN since May 13th, 2020 at 6.5442978

short term up 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).

-55
Smart Scan Analysis for AUDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.5403201 6.5535832 6.5348204 6.5439850 +0.0036650
Prev. Close Volume Bid Ask Time
6.5403201 6.5426459 6.5453241 2020-05-25 05:00:39
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