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Forex Trend Analysis Report

Prepared for you on Monday, May 25, 2020.

Norwegian Krone/Canadian Dollar (FOREX:NOKCAD)

Sidelines Mode (+55) - NOKCAD 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 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.

FOREX_NOKCAD
Open High Low NOKCAD Price Change
0.139775 0.139830 0.138910 0.139110 -0.000665
Entry Signal

MarketClub’s Trade Triangles for NOKCAD

long term down The long-term trend has been DOWN since Jul 5th, 2019 at 0.15252

intermediate term up The intermediate-term trend has been UP since May 6th, 2020 at 0.13720

short term down The short-term trend has been DOWN since May 25th, 2020 at 0.13894

Smart Scan Analysis for NOKCAD

Based on our trend formula, NOKCAD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+55
Smart Scan Analysis for NOKCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.139775 0.139830 0.138910 0.139110 -0.000665
Prev. Close Volume Bid Ask Time
0.139775 0.139070 0.139150 2020-05-25 14:09:31
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