Forex Trend Analysis Report
Prepared for you on Thursday, February 20, 2020.
Norwegian Krone/Australian Dollar (FOREX:NOKAUD)
Bull Market Weakness (+75) - NOKAUD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NOKAUD as it may be in the beginning stages of a reversal.
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 UP since Jan 6th, 2020 at 0.164000
The intermediate-term trend has been DOWN since Jan 23rd, 2020 at 0.161783
The short-term trend has been UP since Feb 19th, 2020 at 0.161224
Smart Scan Analysis for NOKAUD
Based on our trend formula, NOKAUD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).