Free Daily Analysis

Forex Trend Analysis Report

Prepared for you on Thursday, August 13, 2020.

US Dollar/Norwegian Krone (FOREX:USDNOK)

Strong Downtrend (-100) - USDNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid USDNOK?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDNOK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDNOK
Open High Low USDNOK Price Change
8.914245 8.925200 8.880500 8.883320 -0.030925
Entry Signal

MarketClub’s Trade Triangles for USDNOK

long term down The long-term trend has been DOWN since Jul 20th, 2020 at 9.188100

intermediate term down The intermediate-term trend has been DOWN since May 11th, 2020 at 10.178285

short term down The short-term trend has been DOWN since Aug 5th, 2020 at 9.026065

Smart Scan Analysis for USDNOK

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

-100
Smart Scan Analysis for USDNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.914245 8.925200 8.880500 8.883320 -0.030925
Prev. Close Volume Bid Ask Time
8.914245 8.882070 8.884570 2020-08-13 10:11:21
Get a free daily analysis and signals for US Dollar/Norwegian Krone (USDNOK) - Request Your Free Report.