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Forex Trend Analysis Report

Prepared for you on Saturday, April 20, 2024.

Canadian Dollar/Norwegian Krone (FOREX:CADNOK)

Strong Uptrend (+100) - CADNOK is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, CADNOK continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid CADNOK?

MarketClub looks at technical strength and momentum to determine if the timing is right for CADNOK.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_CADNOK
Open High Low CADNOK Price Change
8.025300 8.040813 7.983700 7.984300 -0.041000
Entry Signal

MarketClub’s Trade Triangles for CADNOK

long term up The long-term trend has been UP since Apr 1st, 2024 at 8.092200

intermediate term up The intermediate-term trend has been UP since Mar 18th, 2024 at 7.869300

short term up The short-term trend has been UP since Apr 10th, 2024 at 7.915324

Smart Scan Analysis for CADNOK

Based on our trend formula, CADNOK is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for CADNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.025300 8.040813 7.983700 7.984300 -0.041000
Prev. Close Volume Bid Ask Time
8.027429 2024-04-19 17:04:43
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