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Forex Trend Analysis Report

Prepared for you on Tuesday, September 26, 2023.

Canadian Dollar/Norwegian Krone (FOREX:CADNOK)

Sidelines Mode (+55) - CADNOK is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement 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
8.031375 8.036035 8.026300 8.034031 +0.002656
Entry Signal

MarketClub’s Trade Triangles for CADNOK

long term down The long-term trend has been DOWN since Aug 4th, 2023 at 7.56250

intermediate term up The intermediate-term trend has been UP since Aug 11th, 2023 at 7.72805

short term down The short-term trend has been DOWN since Sep 22nd, 2023 at 7.96850

Smart Scan Analysis for CADNOK

Based on our trend formula, CADNOK is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for CADNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.031375 8.036035 8.026300 8.034031 +0.002656
Prev. Close Volume Bid Ask Time
8.031375 2023-09-26 02:11:58
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