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Forex Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
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.
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MarketClub’s Trade Triangles for CADNOK
The long-term trend has been DOWN since May 27th, 2024 at 7.685467
The intermediate-term trend has been UP since Oct 16th, 2024 at 7.922765
The short-term trend has been DOWN since Nov 15th, 2024 at 7.904600
Smart Scan Analysis for CADNOK
Based on our trend formula, CADNOK is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.872532 | 7.891600 | 7.867500 | 7.890532 | +0.018000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.872532 | 2024-11-20 03:51:28 |