Forex Trend Analysis Report
Prepared for you on Thursday, February 25, 2021.
Australian Dollar/Norwegian Krone (FOREX:AUDNOK)
Countertrend Up (+85) - AUDNOK is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Feb 19th, 2021 at 6.6597390
The short-term trend has been DOWN since Feb 25th, 2021 at 6.6559000
Smart Scan Analysis for AUDNOK
Based on our trend formula, AUDNOK is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).