Forex Trend Analysis Report
Prepared for you on Thursday, May 26, 2022.
Norwegian Krone/Australian Dollar (FOREX:NOKAUD)
Countertrend Down (-85) - NOKAUD 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 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 Mar 3rd, 2022 at 0.1537105
The intermediate-term trend has been DOWN since Apr 28th, 2022 at 0.1492020
The short-term trend has been UP since May 23rd, 2022 at 0.1469650
Smart Scan Analysis for NOKAUD
Based on our trend formula, NOKAUD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).