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Forex Trend Analysis Report

Prepared for you on Sunday, February 23, 2020.

Australian Dollar/Norwegian Krone (FOREX:AUDNOK)

Strong Downtrend (-100) - AUDNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid AUDNOK?

MarketClub looks at technical strength and momentum to determine if the timing is right for AUDNOK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_AUDNOK
Open High Low AUDNOK Price Change
6.1563341 6.1716993 6.1409000 6.1426231 -0.0137110
Entry Signal

MarketClub’s Trade Triangles for AUDNOK

long term down The long-term trend has been DOWN since Jan 1st, 2020 at 6.0440098

intermediate term down The intermediate-term trend has been DOWN since Feb 21st, 2020 at 6.1462000

short term down The short-term trend has been DOWN since Feb 19th, 2020 at 6.2023500

Smart Scan Analysis for AUDNOK

Based on our trend formula, AUDNOK is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for AUDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.1563341 6.1716993 6.1409000 6.1426231 -0.0137110
Prev. Close Volume Bid Ask Time
6.1563341 6.1417078 6.1435384 2020-02-21 17:00:18
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