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Forex Trend Analysis Report

Prepared for you on Wednesday, July 24, 2024.

Norwegian Krone/Australian Dollar (FOREX:NOKAUD)

Bear Market Rally (-75) - NOKAUD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NOKAUD as it may be in the beginning of a reversal.

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.

FOREX_NOKAUD
Open High Low NOKAUD Price Change
0.1374340 0.1381920 0.1368395 0.1381020 +0.0006680
Entry Signal

MarketClub’s Trade Triangles for NOKAUD

long term down The long-term trend has been DOWN since Apr 1st, 2024 at 0.1409005

intermediate term down The intermediate-term trend has been DOWN since Jun 26th, 2024 at 0.1409070

short term up The short-term trend has been UP since Jul 24th, 2024 at 0.1376630

Smart Scan Analysis for NOKAUD

Based on our trend formula, NOKAUD is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for NOKAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1374340 0.1381920 0.1368395 0.1381020 +0.0006680
Prev. Close Volume Bid Ask Time
0.1374340 2024-07-24 23:50:00
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