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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canadian Dollar/Norwegian Krone (FOREX:CADNOK)
Bull Market Weakness (+75) - CADNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADNOK as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CADNOK?
MarketClub looks at technical strength and momentum to determine if the timing is right for CADNOK.
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 CADNOK
The long-term trend has been UP since Apr 1st, 2024 at 8.092200
The intermediate-term trend has been UP since Mar 18th, 2024 at 7.869300
The short-term trend has been UP since May 8th, 2024 at 7.964863
Smart Scan Analysis for CADNOK
Based on our trend formula, CADNOK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.942000 | 7.966282 | 7.933400 | 7.940354 | -0.001646 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.942000 | 2024-05-09 13:04:06 |