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.
MarketClub’s Trade Triangles for CADNOK
The long-term trend has been DOWN since Jan 6th, 2021 at 6.671700
The intermediate-term trend has been UP since Feb 23rd, 2021 at 6.763690
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).