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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.

FOREX_CADNOK
Open High Low CADNOK Price Change
6.29790 6.29790 6.29655 6.29655 -0.00135
Entry Signal

MarketClub’s Trade Triangles for CADNOK

long term up The long term trend has been UP since Jul 5th, 2017 at 6.48965

intermediate term down The intermediate term trend has been DOWN since Jan 10th, 2018 at 6.43830

short term down 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).

-70
Smart Scan Analysis for CADNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.29790 6.29790 6.29655 6.29655 -0.00135
Prev. Close Volume Bid Ask Time
6.29790 6.29560 6.29750 2018-01-20 01:45:45
Want to analyze Canadian Dollar/Norwegian Krone CADNOK or another symbol? Try our Free Forex Trend Analysis Report.