Forex Trend Analysis Report
Prepared for you on Wednesday, April 25, 2018.
Canadian Dollar/Norwegian Krone (FOREX:CADNOK)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 DOWN since Jan 25th, 2018 at 6.25455
The intermediate term trend has been UP since Mar 28th, 2018 at 6.08450
The short term trend has been UP since Apr 25th, 2018 at 6.16935
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).