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Forex Trend Analysis Report
Prepared for you on Friday, May 9, 2025.
Canadian Dollar/Norwegian Krone (FOREX:CADNOK)
Strong Downtrend (-100) - CADNOK is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, CADNOK continues to fall. Traders should use caution and set stops.
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 Feb 2nd, 2025 at 7.759650
The intermediate-term trend has been DOWN since Apr 28th, 2025 at 7.463304
The short-term trend has been DOWN since May 6th, 2025 at 7.486300
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.494315 | 7.507538 | 7.475600 | 7.476521 | -0.017794 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.494315 | 2025-05-09 03:01:04 |