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.
MarketClub’s Trade Triangles for AUDNOK
The long-term trend has been DOWN since Jan 1st, 2020 at 6.0440098
The intermediate-term trend has been DOWN since Feb 21st, 2020 at 6.1462000
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).