Forex Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
Norwegian Krone/Australian Dollar (FOREX:NOKAUD)
Sidelines Mode (-55) - NOKAUD 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 NOKAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKAUD
The long-term trend has been DOWN since Mar 8th, 2020 at 0.1588395
The intermediate-term trend has been UP since May 13th, 2020 at 0.1527860
The short-term trend has been DOWN since Jun 1st, 2020 at 0.1527745
Smart Scan Analysis for NOKAUD
Based on our trend formula, NOKAUD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).