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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.

FOREX_NOKAUD
Open High Low NOKAUD Price Change
0.1405370 0.1406575 0.1391200 0.1392900 -0.0012470
Entry Signal

MarketClub’s Trade Triangles for NOKAUD

long term down The long-term trend has been DOWN since Nov 1st, 2023 at 0.1401675

intermediate term down The intermediate-term trend has been DOWN since Dec 4th, 2023 at 0.1395920

short term down 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).

-100
Smart Scan Analysis for NOKAUD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1405370 0.1406575 0.1391200 0.1392900 -0.0012470
Prev. Close Volume Bid Ask Time
0.1405370 2023-12-04 15:47:33
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