Free Daily Analysis

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.

FOREX_NOKAUD
Open High Low NOKAUD Price Change
0.1528485 0.1534440 0.1526745 0.1528960 +0.0000480
Entry Signal

MarketClub’s Trade Triangles for NOKAUD

long term down The long-term trend has been DOWN since Mar 8th, 2020 at 0.1588395

intermediate term up The intermediate-term trend has been UP since May 13th, 2020 at 0.1527860

short term down 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).

-55
Smart Scan Analysis for NOKAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1528485 0.1534440 0.1526745 0.1528960 +0.0000480
Prev. Close Volume Bid Ask Time
0.1528485 0.1528680 0.1529240 2020-06-02 05:42:33
Get a free daily analysis and signals for Norwegian Krone/Australian Dollar (NOKAUD) - Request Your Free Report.