Forex Trend Analysis Report
Prepared for you on Friday, October 22, 2021.
Norwegian Krone/Canadian Dollar (FOREX:NOKCAD)
Strong Uptrend (+100) - NOKCAD is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, NOKCAD continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for NOKCAD
The long-term trend has been UP since Sep 13th, 2021 at 0.1467005
The intermediate-term trend has been UP since Oct 19th, 2021 at 0.1476780
The short-term trend has been UP since Oct 13th, 2021 at 0.1463475
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).