Forex Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Norwegian Krone/Australian Dollar (FOREX:NOKAUD)
Strong Downtrend (-100) - NOKAUD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NOKAUD continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid NOKAUD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKAUD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKAUD
The long-term trend has been DOWN since Nov 1st, 2023 at 0.1401675
The intermediate-term trend has been DOWN since Dec 4th, 2023 at 0.1395920
The short-term trend has been DOWN since Nov 28th, 2023 at 0.1413035
Smart Scan Analysis for NOKAUD
Based on our trend formula, NOKAUD is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).