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Forex Trend Analysis Report
Prepared for you on Thursday, August 11, 2022.
Canadian Dollar/Norwegian Krone (FOREX:CADNOK)
Crossroads (-60) - CADNOK is struggling to move into a solid trend. Beware of choppy markets 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.
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MarketClub’s Trade Triangles for CADNOK
The long-term trend has been UP since Jan 14th, 2022 at 7.179616
The intermediate-term trend has been DOWN since Jul 31st, 2022 at 7.527000
The short-term trend has been DOWN since Aug 8th, 2022 at 7.551700
Smart Scan Analysis for CADNOK
Based on our trend formula, CADNOK is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.457700 | 7.466993 | 7.442200 | 7.462701 | +0.005001 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.457700 | 2022-08-11 04:52:51 |