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Forex Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

Canadian Dollar/Norwegian Krone (FOREX:CADNOK)

Bull Market Weakness (+75) - CADNOK is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CADNOK as it may be in the beginning stages of a reversal.

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
6.772421 6.820451 6.744600 6.816931 +0.044510
Entry Signal

MarketClub’s Trade Triangles for CADNOK

long term down The long-term trend has been DOWN since Jan 6th, 2021 at 6.671700

intermediate term up The intermediate-term trend has been UP since Feb 23rd, 2021 at 6.763690

short term up The short-term trend has been UP since Feb 26th, 2021 at 6.773334

Smart Scan Analysis for CADNOK

Based on our trend formula, CADNOK is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for CADNOK
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
6.772421 6.820451 6.744600 6.816931 +0.044510
Prev. Close Volume Bid Ask Time
6.772421 2021-02-26 11:47:11
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