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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
Norwegian Krone/US Dollar (FOREX:NOKUSD)
Bear Market Rally (-75) - NOKUSD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NOKUSD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid NOKUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKUSD.
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 NOKUSD
The long-term trend has been DOWN since Apr 1st, 2024 at 0.0918325
The intermediate-term trend has been DOWN since Jul 10th, 2024 at 0.0931175
The short-term trend has been UP since Jul 26th, 2024 at 0.0913070
Smart Scan Analysis for NOKUSD
Based on our trend formula, NOKUSD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.09072850 | 0.09173069 | 0.09061300 | 0.09173069 | +0.00100200 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.09072850 | 2024-07-26 19:26:49 |