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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
Australian Dollar/Norwegian Krone (FOREX:AUDNOK)
Long-Term Downtrend (-90) - AUDNOK is in a strong downtrend that is likely to continue. While AUDNOK is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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.
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MarketClub’s Trade Triangles for AUDNOK
The long-term trend has been DOWN since Aug 6th, 2024 at 6.944383
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 7.118700
The short-term trend has been DOWN since Nov 19th, 2024 at 7.148600
Smart Scan Analysis for AUDNOK
Based on our trend formula, AUDNOK is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.172601 | 7.185400 | 7.168490 | 7.184300 | +0.011699 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.172601 | 2024-11-20 03:51:50 |