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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.

Open High Low CADNOK Price Change
6.1609 6.1974 6.1584 6.1945 +0.0336
Entry Signal

MarketClub’s Trade Triangles for CADNOK

long term down The long term trend has been DOWN since Jan 25th, 2018 at 6.25455

intermediate term up The intermediate term trend has been UP since Mar 28th, 2018 at 6.08450

short term up 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).

Smart Scan Analysis for CADNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.1609 6.1974 6.1584 6.1945 +0.0336
Prev. Close Volume Bid Ask Time
6.1609 6.1940 6.1950 2018-04-25 14:22:52
Want to analyze Canadian Dollar/Norwegian Krone CADNOK or another symbol? Try our Free Forex Trend Analysis Report.