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Forex Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
US Dollar/Norwegian Krone (FOREX:USDNOK)
Weak Downtrend (-65) - USDNOK is showing signs of a strengthening downtrend. Monitor USDNOK as it may be building momentum to the downside.
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.
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MarketClub’s Trade Triangles for USDNOK
The long-term trend has been UP since Jul 23rd, 2024 at 11.143385
The intermediate-term trend has been DOWN since Jan 5th, 2025 at 11.112775
The short-term trend has been DOWN since Feb 4th, 2025 at 11.255170
Smart Scan Analysis for USDNOK
Based on our trend formula, USDNOK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 11.247700 | 11.254060 | 11.227950 | 11.236435 | -0.011265 |
| Prev. Close | Volume | Bid | Ask | Time |
| 11.247700 | 2025-02-05 01:55:11 |