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Forex Trend Analysis Report
Prepared for you on Sunday, November 24, 2024.
Australian Dollar/Norwegian Krone (FOREX:AUDNOK)
Countertrend Down (-85) - AUDNOK is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score 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.
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MarketClub’s Trade Triangles for AUDNOK
The long-term trend has been DOWN since Aug 6th, 2024 at 6.944383
The intermediate-term trend has been DOWN since Oct 7th, 2024 at 7.118700
The short-term trend has been UP since Nov 21st, 2024 at 7.209250
Smart Scan Analysis for AUDNOK
Based on our trend formula, AUDNOK is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.204600 | 7.218000 | 7.185682 | 7.189750 | -0.014850 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.204600 | 2024-11-24 22:31:31 |