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Forex Trend Analysis Report

Prepared for you on Sunday, May 31, 2020.

Canadian Dollar/Norwegian Krone (FOREX:CADNOK)

Weak Downtrend (-65) - CADNOK is showing signs of a strengthening downtrend. Monitor CADNOK as it may be building momentum to the downside.

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
7.06495 7.08605 7.03710 7.04580 -0.01915
Entry Signal

MarketClub’s Trade Triangles for CADNOK

long term up The long-term trend has been UP since Feb 3rd, 2020 at 6.992328

intermediate term down The intermediate-term trend has been DOWN since May 1st, 2020 at 7.249119

short term down The short-term trend has been DOWN since May 28th, 2020 at 7.135300

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
7.06495 7.08605 7.03710 7.04580 -0.01915
Prev. Close Volume Bid Ask Time
7.06495 7.04430 7.04730 2020-05-31 23:03:45
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