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Forex Trend Analysis Report

Prepared for you on Thursday, August 11, 2022.

Canadian Dollar/Norwegian Krone (FOREX:CADNOK)

Crossroads (-60) - CADNOK is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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
7.457700 7.466993 7.442200 7.462701 +0.005001
Entry Signal

MarketClub’s Trade Triangles for CADNOK

long term up The long-term trend has been UP since Jan 14th, 2022 at 7.179616

intermediate term down The intermediate-term trend has been DOWN since Jul 31st, 2022 at 7.527000

short term down The short-term trend has been DOWN since Aug 8th, 2022 at 7.551700

Smart Scan Analysis for CADNOK

Based on our trend formula, CADNOK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for CADNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
7.457700 7.466993 7.442200 7.462701 +0.005001
Prev. Close Volume Bid Ask Time
7.457700 2022-08-11 04:52:51
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