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Forex Trend Analysis Report

Prepared for you on Sunday, January 20, 2019.

Norwegian Krone/Canadian Dollar (FOREX:NOKCAD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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_NOKCAD
Open High Low NOKCAD Price Change
0.154880 0.155170 0.154825 0.155035 +0.000155
Entry Signal

MarketClub’s Trade Triangles for NOKCAD

long term down The long term trend has been DOWN since May 29th, 2018 at 0.156715

intermediate term up The intermediate term trend has been UP since Dec 5th, 2018 at 0.156670

short term up The short term trend has been UP since Jan 18th, 2019 at 0.155640

Smart Scan Analysis for NOKCAD

Based on a pre-defined weighted trend formula for chart analysis, NOKCAD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for NOKCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.154880 0.155170 0.154825 0.155035 +0.000155
Prev. Close Volume Bid Ask Time
0.154880 0.155000 0.155070 2019-01-20 22:01:08
Want to analyze Norwegian Krone/Canadian Dollar NOKCAD or another symbol? Try our Free Forex Trend Analysis Report.