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Forex Trend Analysis Report

Prepared for you on Thursday, February 27, 2020.

Norwegian Krone/Canadian Dollar (FOREX:NOKCAD)

Long-Term Downtrend (-90) - NOKCAD is in a strong downtrend that is likely to continue. While NOKCAD is showing intraday strength, it remains in the confines of a bearish trend. 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
0.1418850 0.1419900 0.1418765 0.1419290 +0.0000440
Entry Signal

MarketClub’s Trade Triangles for NOKCAD

long term down The long-term trend has been DOWN since Jul 5th, 2019 at 0.1525200

intermediate term down The intermediate-term trend has been DOWN since Jan 20th, 2020 at 0.1464040

short term down The short-term trend has been DOWN since Feb 13th, 2020 at 0.1431635

Smart Scan Analysis for NOKCAD

Based on our trend formula, NOKCAD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for NOKCAD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.1418850 0.1419900 0.1418765 0.1419290 +0.0000440
Prev. Close Volume Bid Ask Time
0.1418850 0.1418960 0.1419620 2020-02-27 00:18:26
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