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Forex Trend Analysis Report
Prepared for you on Tuesday, September 26, 2023.
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 Aug 4th, 2023 at 7.56250
The intermediate-term trend has been UP since Aug 11th, 2023 at 7.72805
The short-term trend has been DOWN since Sep 22nd, 2023 at 7.96850
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 |
|---|---|---|---|---|
| 8.031375 | 8.036035 | 8.026300 | 8.034031 | +0.002656 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.031375 | 2023-09-26 02:11:58 |