Forex Trend Analysis Report
Prepared for you on Saturday, January 20, 2018.
Canadian Dollar/Norwegian Krone (FOREX:CADNOK)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
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.
MarketClub’s Trade Triangles for CADNOK
The long term trend has been UP since Jul 5th, 2017 at 6.48965
The intermediate term trend has been DOWN since Jan 10th, 2018 at 6.43830
The short term trend has been DOWN since Jan 10th, 2018 at 6.47940
Smart Scan Analysis for CADNOK
Based on a pre-defined weighted trend formula for chart analysis, CADNOK scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).