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Forex Trend Analysis Report

Prepared for you on Tuesday, April 16, 2024.

Norwegian Krone/Canadian Dollar (FOREX:NOKCAD)

Strong Downtrend (-100) - NOKCAD is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, NOKCAD continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid NOKCAD?

MarketClub looks at technical strength and momentum to determine if the timing is right for NOKCAD.

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FOREX_NOKCAD
Open High Low NOKCAD Price Change
0.1258965 0.1261495 0.1253965 0.1257810 -0.0001150
Entry Signal

MarketClub’s Trade Triangles for NOKCAD

long term down The long-term trend has been DOWN since Apr 1st, 2024 at 0.1244435

intermediate term down The intermediate-term trend has been DOWN since Mar 15th, 2024 at 0.1276005

short term down The short-term trend has been DOWN since Apr 10th, 2024 at 0.1263435

Smart Scan Analysis for NOKCAD

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

-100
Smart Scan Analysis for NOKCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1258965 0.1261495 0.1253965 0.1257810 -0.0001150
Prev. Close Volume Bid Ask Time
0.1258965 2024-04-16 12:36:26
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