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Forex Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Norwegian Krone/Canadian Dollar (FOREX:NOKCAD)
Bear Market Rally (-75) - NOKCAD is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on NOKCAD as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid NOKCAD?
MarketClub looks at technical strength and momentum to determine if the timing is right for NOKCAD.
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 NOKCAD
The long-term trend has been DOWN since Apr 1st, 2024 at 0.1244435
The intermediate-term trend has been DOWN since Mar 15th, 2024 at 0.1276005
The short-term trend has been DOWN since May 8th, 2024 at 0.1255690
Smart Scan Analysis for NOKCAD
Based on our trend formula, NOKCAD is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.1259105 | 0.1259410 | 0.1256750 | 0.1257255 | -0.0001850 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.1259105 | 2024-05-09 05:10:21 |