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Forex Trend Analysis Report
Prepared for you on Friday, May 30, 2025.
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.
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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 UP since May 30th, 2025 at 7.402450
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).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 7.340960 | 7.441419 | 7.334400 | 7.434900 | +0.093940 |
| Prev. Close | Volume | Bid | Ask | Time |
| 7.340960 | 2025-05-30 17:04:15 |