Forex Trend Analysis Report
Prepared for you on Sunday, May 31, 2020.
Canadian Dollar/Norwegian Krone (FOREX:CADNOK)
Weak Downtrend (-65) - CADNOK is showing signs of a strengthening downtrend. Monitor CADNOK as it may be building momentum to the downside.
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.
MarketClub’s Trade Triangles for CADNOK
The long-term trend has been UP since Feb 3rd, 2020 at 6.992328
The intermediate-term trend has been DOWN since May 1st, 2020 at 7.249119
The short-term trend has been DOWN since May 28th, 2020 at 7.135300
Smart Scan Analysis for CADNOK
Based on our trend formula, CADNOK is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).