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Forex Trend Analysis Report

Prepared for you on Saturday, November 17, 2018.

Canadian Dollar/Norwegian Krone (FOREX:CADNOK)

Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_CADNOK
Open High Low CADNOK Price Change
6.40345 6.41940 6.40220 6.41850 +0.01505
Entry Signal

MarketClub’s Trade Triangles for CADNOK

long term up The long term trend has been UP since May 29th, 2018 at 6.38130

intermediate term up The intermediate term trend has been UP since Oct 25th, 2018 at 6.40970

short term up The short term trend has been UP since Nov 9th, 2018 at 6.38275

Smart Scan Analysis for CADNOK

Based on a pre-defined weighted trend formula for chart analysis, CADNOK scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+100
Smart Scan Analysis for CADNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.40345 6.41940 6.40220 6.41850 +0.01505
Prev. Close Volume Bid Ask Time
6.40345 6.41740 6.41960 2018-11-17 19:19:48
Want to analyze Canadian Dollar/Norwegian Krone CADNOK or another symbol? Try our Free Forex Trend Analysis Report.