Forex Trend Analysis Report
Prepared for you on Tuesday, October 26, 2021.
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, SHORTSYMBOL 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.
MarketClub’s Trade Triangles for CADNOK
The long-term trend has been DOWN since Sep 14th, 2021 at 6.806978
The intermediate-term trend has been DOWN since Aug 18th, 2021 at 6.993677
The short-term trend has been DOWN since Oct 13th, 2021 at 6.832200
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).