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Forex Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
US Dollar/Norwegian Krone (FOREX:USDNOK)
Bull Market Weakness (+75) - USDNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on USDNOK as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid USDNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDNOK.
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 USDNOK
The long-term trend has been UP since Jul 23rd, 2024 at 11.143385
The intermediate-term trend has been UP since Jul 9th, 2024 at 10.862710
The short-term trend has been DOWN since Jul 26th, 2024 at 10.951830
Smart Scan Analysis for USDNOK
Based on our trend formula, USDNOK is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.022700 | 11.034210 | 10.929775 | 10.981935 | -0.040765 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.022700 | 2024-07-26 20:50:05 |